Quest Partners LLC Makes New Investment in Excelerate Energy, Inc. (NYSE:EE)

Quest Partners LLC bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,482 shares of the company’s stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Walleye Capital LLC bought a new position in shares of Excelerate Energy during the third quarter valued at approximately $1,451,000. Pacer Advisors Inc. boosted its stake in shares of Excelerate Energy by 16.5% during the 4th quarter. Pacer Advisors Inc. now owns 48,576 shares of the company’s stock worth $751,000 after acquiring an additional 6,890 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Excelerate Energy by 19.0% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 312,500 shares of the company’s stock worth $5,325,000 after purchasing an additional 50,000 shares in the last quarter. Swiss National Bank raised its stake in Excelerate Energy by 2.0% during the 3rd quarter. Swiss National Bank now owns 40,400 shares of the company’s stock valued at $688,000 after purchasing an additional 800 shares during the period. Finally, Viking Fund Management LLC lifted its holdings in shares of Excelerate Energy by 25.0% in the fourth quarter. Viking Fund Management LLC now owns 100,000 shares of the company’s stock valued at $1,546,000 after purchasing an additional 20,000 shares in the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

Shares of EE traded down $0.03 during midday trading on Friday, hitting $17.16. 188,588 shares of the company traded hands, compared to its average volume of 180,681. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 16.99 and a beta of 1.30. Excelerate Energy, Inc. has a 52 week low of $13.38 and a 52 week high of $22.42. The firm has a 50 day moving average of $16.75 and a 200-day moving average of $15.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.52 and a current ratio of 3.52.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The firm had revenue of $240.06 million for the quarter, compared to the consensus estimate of $265.31 million. Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. On average, analysts forecast that Excelerate Energy, Inc. will post 1.29 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Wednesday, May 22nd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, May 21st. Excelerate Energy’s payout ratio is presently 9.90%.

Analysts Set New Price Targets

Several research analysts recently issued reports on EE shares. StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Stephens began coverage on Excelerate Energy in a research note on Tuesday, April 30th. They set an “overweight” rating and a $21.00 price objective for the company. Northland Securities began coverage on shares of Excelerate Energy in a report on Monday, February 26th. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.75.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.