NFJ Investment Group LLC Makes New $2.59 Million Investment in Excelerate Energy, Inc. $EE

NFJ Investment Group LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, Holdings Channel.com reports. The fund bought 92,320 shares of the company’s stock, valued at approximately $2,590,000.

Other large investors also recently added to or reduced their stakes in the company. Arax Advisory Partners grew its position in Excelerate Energy by 791.9% in the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after acquiring an additional 784 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Excelerate Energy in the fourth quarter worth approximately $33,000. Essex Investment Management Co. LLC bought a new stake in Excelerate Energy in the fourth quarter worth approximately $41,000. Aster Capital Management DIFC Ltd bought a new stake in Excelerate Energy in the third quarter worth approximately $38,000. Finally, Tower Research Capital LLC TRC grew its position in Excelerate Energy by 157.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after acquiring an additional 1,186 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on EE shares. Barclays boosted their target price on shares of Excelerate Energy from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $42.00 target price on shares of Excelerate Energy in a research report on Friday, May 8th. Dnb Carnegie downgraded shares of Excelerate Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Wall Street Zen raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.33.

Insider Buying and Selling

In related news, insider Oliver Simpson sold 6,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the completion of the transaction, the insider directly owned 51,719 shares in the company, valued at $1,766,203.85. This represents a 10.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.34% of the stock is currently owned by insiders.

Excelerate Energy Price Performance

NYSE EE opened at $34.29 on Monday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $33.63. The company has a market cap of $3.90 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.24 and a beta of 1.27. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $433.44 million for the quarter, compared to the consensus estimate of $351.68 million. Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.Excelerate Energy’s quarterly revenue was up 37.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts predict that Excelerate Energy, Inc. will post 1.52 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is presently 26.02%.

Excelerate Energy Company Profile

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.