Dimensional Fund Advisors LP Boosts Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Dimensional Fund Advisors LP grew its position in Excelerate Energy, Inc. (NYSE:EE) by 13.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 176,334 shares of the company’s stock after buying an additional 20,661 shares during the period. Dimensional Fund Advisors LP’s holdings in Excelerate Energy were worth $3,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC bought a new position in shares of Excelerate Energy during the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new position in Excelerate Energy during the first quarter valued at $38,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy in the first quarter worth about $118,000. BOKF NA lifted its position in Excelerate Energy by 5.8% during the first quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after purchasing an additional 700 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Excelerate Energy by 59.9% in the 2nd quarter. Quest Partners LLC now owns 11,468 shares of the company’s stock worth $211,000 after purchasing an additional 4,294 shares during the period. Institutional investors own 21.79% of the company’s stock.

Wall Street Analysts Forecast Growth

EE has been the subject of a number of recent analyst reports. Wells Fargo & Company cut Excelerate Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $19.00 in a report on Friday, August 30th. Northland Securities upped their price objective on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, Stephens restated an “overweight” rating and set a $21.00 target price on shares of Excelerate Energy in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Excelerate Energy Stock Down 0.6 %

EE opened at $22.55 on Friday. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $23.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 22.33 and a beta of 1.32. The company has a fifty day moving average of $19.97 and a two-hundred day moving average of $18.42.

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

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.10 annualized dividend and a yield of 0.44%. Excelerate Energy’s dividend payout ratio (DPR) is presently 9.90%.

Excelerate Energy Company Profile

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.