Excelerate Energy, Inc. $EE Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in Excelerate Energy, Inc. (NYSE:EE) by 26.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,339,759 shares of the company’s stock after acquiring an additional 705,587 shares during the period. Wellington Management Group LLP’s holdings in Excelerate Energy were worth $126,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Excelerate Energy by 91.7% during the first quarter. AQR Capital Management LLC now owns 18,117 shares of the company’s stock worth $520,000 after purchasing an additional 8,665 shares during the period. Millennium Management LLC lifted its stake in shares of Excelerate Energy by 26.8% in the 1st quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock worth $11,908,000 after acquiring an additional 87,672 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Excelerate Energy by 27.5% in the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after acquiring an additional 95,565 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Excelerate Energy by 133.9% in the first quarter. Jane Street Group LLC now owns 63,505 shares of the company’s stock valued at $1,821,000 after acquiring an additional 36,354 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Excelerate Energy by 3.6% during the second quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock worth $566,000 after acquiring an additional 670 shares during the period. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 1.2%

Shares of Excelerate Energy stock opened at $39.13 on Wednesday. Excelerate Energy, Inc. has a 12-month low of $22.86 and a 12-month high of $43.17. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.52. The stock has a market cap of $4.44 billion, a PE ratio of 26.99 and a beta of 1.22. The company has a 50-day moving average of $38.19 and a two-hundred day moving average of $36.40.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The business had revenue of $329.27 million for the quarter, compared to analyst estimates of $344.27 million. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The company’s quarterly revenue was up 60.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. On average, research analysts anticipate that Excelerate Energy, Inc. will post 1.57 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have weighed in on EE. Zacks Research raised Excelerate Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Morgan Stanley set a $41.00 target price on Excelerate Energy in a research note on Friday, August 7th. Jefferies Financial Group restated a “buy” rating and issued a $48.00 price target on shares of Excelerate Energy in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has a consensus rating of “Moderate Buy” and an average price target of $40.73.

Excelerate Energy 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.