Excelerate Energy, Inc. $EE Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. trimmed its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,614,100 shares of the company’s stock after selling 41,715 shares during the quarter. Excelerate Energy accounts for 2.8% of Ranger Investment Management L.P.’s portfolio, making the stock its 3rd largest position. Ranger Investment Management L.P.’s holdings in Excelerate Energy were worth $40,659,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Excelerate Energy during the 2nd quarter valued at about $30,000. State of Alaska Department of Revenue acquired a new position in shares of Excelerate Energy during the 3rd quarter worth approximately $30,000. New York State Teachers Retirement System increased its holdings in Excelerate Energy by 32.8% during the third quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock worth $52,000 after buying an additional 514 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after purchasing an additional 1,186 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in Excelerate Energy by 31.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company’s stock valued at $69,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

EE has been the subject of several research reports. Jefferies Financial Group lifted their price target on Excelerate Energy from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Excelerate Energy from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $44.00 price target on shares of Excelerate Energy in a report on Friday. Northland Securities set a $50.00 price objective on Excelerate Energy in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.50.

Excelerate Energy Stock Performance

NYSE:EE opened at $37.20 on Friday. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $27.18. Excelerate Energy, Inc. has a 1-year low of $21.28 and a 1-year high of $37.58. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.56. The stock has a market cap of $4.24 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36.

Excelerate Energy (NYSE:EE) last posted its earnings results on Wednesday, November 5th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.13. Excelerate Energy had a net margin of 3.46% and a return on equity of 4.34%. The firm had revenue of $391.04 million for the quarter, compared to analyst estimates of $270.82 million. The firm’s revenue was up 102.2% compared to the same quarter last year. Equities research analysts anticipate that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy declared that its Board of Directors has initiated a stock buyback program on Thursday, December 11th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

About Excelerate Energy

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.