912,300 Shares in Excelerate Energy, Inc. $EE Acquired by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new position in Excelerate Energy, Inc. (NYSE:EE) in the 2nd quarter, Holdings Channel reports. The firm acquired 912,300 shares of the company’s stock, valued at approximately $34,658,000. Excelerate Energy comprises approximately 2.2% of Ranger Investment Management L.P.’s holdings, making the stock its 10th biggest holding.

Several other hedge funds have also modified their holdings of EE. UBS Group AG raised its stake in shares of Excelerate Energy by 79.0% during the fourth quarter. UBS Group AG now owns 416,082 shares of the company’s stock valued at $11,671,000 after purchasing an additional 183,664 shares during the period. NFJ Investment Group LLC purchased a new stake in Excelerate Energy during the 4th quarter worth $2,590,000. Renaissance Technologies LLC increased its stake in Excelerate Energy by 132.9% during the 1st quarter. Renaissance Technologies LLC now owns 285,519 shares of the company’s stock worth $9,542,000 after buying an additional 162,919 shares during the period. Copeland Capital Management LLC increased its stake in Excelerate Energy by 45.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company’s stock worth $52,958,000 after buying an additional 491,653 shares during the period. Finally, Empowered Funds LLC acquired a new position in Excelerate Energy in the 1st quarter worth $1,028,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

Shares of EE opened at $39.41 on Monday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 27.18 and a beta of 1.22. The stock has a 50 day moving average of $37.58 and a 200-day moving average of $36.32. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52. Excelerate Energy, Inc. has a 52 week low of $22.86 and a 52 week high of $43.17.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Excelerate Energy had a net margin of 3.23% and a return on equity of 2.24%. The firm had revenue of $329.27 million during the quarter, compared to analyst estimates of $344.27 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 60.9% compared to the same quarter last year. As a group, analysts forecast that Excelerate Energy, Inc. will post 1.57 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Wednesday, August 19th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 19th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.08. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EE shares. Northland Securities set a $45.00 price objective on shares of Excelerate Energy in a research report on Wednesday, August 12th. Zacks Research raised Excelerate Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $42.00 price target on shares of Excelerate Energy in a research note on Friday, May 8th. Barclays increased their price target on Excelerate Energy from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.73.

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.