Excelerate Energy, Inc. (NYSE:EE) Shares Sold by SIR Capital Management L.P.

SIR Capital Management L.P. reduced its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 44.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,960 shares of the company’s stock after selling 292,682 shares during the period. SIR Capital Management L.P. owned 0.34% of Excelerate Energy worth $6,693,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EE. Dynamic Technology Lab Private Ltd acquired a new position in shares of Excelerate Energy during the 4th quarter worth approximately $759,000. Trexquant Investment LP acquired a new position in shares of Excelerate Energy during the 4th quarter worth approximately $1,153,000. Quest Partners LLC acquired a new position in Excelerate Energy in the 4th quarter valued at $409,000. Scout Investments Inc. raised its holdings in Excelerate Energy by 7.1% in the 4th quarter. Scout Investments Inc. now owns 250,807 shares of the company’s stock valued at $3,877,000 after acquiring an additional 16,697 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its holdings in Excelerate Energy by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 1,609,580 shares of the company’s stock valued at $24,884,000 after acquiring an additional 7,815 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Up 3.3 %

EE stock opened at $18.52 on Tuesday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 18.34 and a beta of 1.30. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $19.06 and a 200-day simple moving average of $17.55. Excelerate Energy, Inc. has a 52 week low of $13.38 and a 52 week high of $20.66.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. The firm had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.14 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.025 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 dividend on an annualized basis and a yield of 0.54%. Excelerate Energy’s dividend payout ratio (DPR) is 9.90%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Northland Securities boosted their price target on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Wells Fargo & Company downgraded Excelerate Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $20.00 to $19.00 in a report on Friday, August 30th. Finally, Stephens reiterated an “overweight” rating and issued a $21.00 price target on shares of Excelerate Energy in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

About Excelerate Energy

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.