Pacer Advisors Inc. Acquires 6,890 Shares of Excelerate Energy, Inc. (NYSE:EE)

Pacer Advisors Inc. boosted its holdings in shares of Excelerate Energy, Inc. (NYSE:EEFree Report) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,576 shares of the company’s stock after purchasing an additional 6,890 shares during the period. Pacer Advisors Inc.’s holdings in Excelerate Energy were worth $751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EE. Norges Bank acquired a new position in shares of Excelerate Energy during the fourth quarter worth $18,206,000. FMR LLC acquired a new position in shares of Excelerate Energy during the second quarter worth $12,948,000. SIR Capital Management L.P. increased its holdings in shares of Excelerate Energy by 161.6% during the first quarter. SIR Capital Management L.P. now owns 671,789 shares of the company’s stock worth $14,873,000 after buying an additional 414,999 shares in the last quarter. State Street Corp acquired a new position in shares of Excelerate Energy during the second quarter worth $5,695,000. Finally, Legal & General Group Plc acquired a new position in shares of Excelerate Energy during the second quarter worth $5,360,000. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EE has been the subject of several research analyst reports. Northland Securities initiated coverage on shares of Excelerate Energy in a report on Monday, February 26th. They set an “outperform” rating and a $23.00 price target for the company. Wells Fargo & Company downgraded Excelerate Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Thursday, December 14th. Morgan Stanley decreased their price objective on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, February 13th. StockNews.com upgraded Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Finally, Raymond James decreased their price objective on Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Read Our Latest Analysis on Excelerate Energy

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $15.83 on Thursday. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $15.69. Excelerate Energy, Inc. has a 1-year low of $13.38 and a 1-year high of $24.00. The company has a market cap of $1.71 billion, a P/E ratio of 15.37 and a beta of 1.41.

Excelerate Energy (NYSE:EEGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The business had revenue of $240.06 million for the quarter, compared to analyst estimates of $265.31 million. As a group, analysts anticipate that Excelerate Energy, Inc. will post 1.1 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.63%. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.71%.

Excelerate Energy Company Profile

(Free Report)

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.

Recommended Stories

Institutional Ownership by Quarter for Excelerate Energy (NYSE:EE)

Receive News & Ratings for Excelerate Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Excelerate Energy and related companies with MarketBeat.com's FREE daily email newsletter.