Copeland Capital Management LLC Raises Position in Excelerate Energy, Inc. $EE

Copeland Capital Management LLC increased its stake in Excelerate Energy, Inc. (NYSE:EE) by 45.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,584,618 shares of the company’s stock after purchasing an additional 491,653 shares during the quarter. Copeland Capital Management LLC’s holdings in Excelerate Energy were worth $52,958,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EE. Wellington Management Group LLP grew its holdings in Excelerate Energy by 24.9% during the fourth quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company’s stock valued at $101,181,000 after purchasing an additional 719,148 shares during the period. Qube Research & Technologies Ltd increased its position in Excelerate Energy by 328.4% in the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock worth $13,292,000 after buying an additional 347,521 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Excelerate Energy in the first quarter valued at $10,862,000. Squarepoint Ops LLC raised its stake in shares of Excelerate Energy by 219.5% in the third quarter. Squarepoint Ops LLC now owns 348,394 shares of the company’s stock valued at $8,776,000 after buying an additional 239,358 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Excelerate Energy by 430.3% during the 2nd quarter. Marshall Wace LLP now owns 292,150 shares of the company’s stock valued at $8,566,000 after buying an additional 237,056 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

NYSE:EE opened at $38.97 on Friday. Excelerate Energy, Inc. has a 52-week low of $21.28 and a 52-week high of $43.17. The stock has a fifty day moving average of $35.87 and a 200 day moving average of $35.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 31.68, a P/E/G ratio of 1.43 and a beta of 1.23.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Excelerate Energy had a return on equity of 3.85% and a net margin of 2.98%.The business had revenue of $433.44 million during the quarter, compared to the consensus estimate of $351.68 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. Excelerate Energy’s revenue was up 37.6% compared to the same quarter last year. On average, research analysts expect that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is 26.02%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EE. Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research report on Friday, May 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $48.00 target price on shares of Excelerate Energy in a research note on Friday, July 10th. Wells Fargo & Company lowered their price target on shares of Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Finally, Morgan Stanley dropped their price target on shares of Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.64.

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.