Key Points
- Insider sale: Director Oliver Simpson sold 6,000 shares at an average price of $34.15 on March 20 for $204,900, reducing his stake by 10.4% to 51,719 shares, per the SEC filing.
- Recent results showed a slight EPS miss of $0.29 vs. $0.30 consensus while revenue beat at $317.6M (up 15.6% year‑over‑year); the company has a market cap of about $3.82 billion and a PE of 25.36.
- Corporate actions and sentiment: the board approved a $75M buyback (about 2.4% of shares) and declared a $0.08 quarterly dividend (1.0% yield), while analysts have raised targets (average target ~$39) and rate the stock a "Moderate Buy."
Excelerate Energy, Inc. (NYSE:EE - Get Free Report) insider Oliver Simpson sold 6,000 shares of Excelerate Energy stock in a transaction on Friday, March 20th. The shares were sold at an average price of $34.15, for a total value of $204,900.00. Following the completion of the transaction, the insider owned 51,719 shares in the company, valued at $1,766,203.85. The trade was a 10.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Excelerate Energy Price Performance
EE stock opened at $33.47 on Thursday. The stock has a 50-day moving average price of $37.20 and a two-hundred day moving average price of $30.48. Excelerate Energy, Inc. has a 12-month low of $21.28 and a 12-month high of $43.17. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.82 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34.
Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The firm had revenue of $317.57 million during the quarter, compared to analysts' expectations of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. As a group, research analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current year.
Excelerate Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.32 annualized dividend and a yield of 1.0%. Excelerate Energy's dividend payout ratio (DPR) is presently 24.24%.
Excelerate Energy declared that its board has approved a stock buyback plan on Thursday, December 11th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Trading of Excelerate Energy
Hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new position in shares of Excelerate Energy during the fourth quarter worth $30,658,000. Wellington Management Group LLP grew its holdings in Excelerate Energy by 24.9% during the 4th quarter. Wellington Management Group LLP now owns 3,607,182 shares of the company's stock valued at $101,181,000 after purchasing an additional 719,148 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Excelerate Energy by 328.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company's stock worth $13,292,000 after buying an additional 347,521 shares during the period. Kayne Anderson Capital Advisors LP increased its stake in Excelerate Energy by 77.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 781,623 shares of the company's stock worth $19,689,000 after buying an additional 340,747 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Excelerate Energy by 219.5% in the 3rd quarter. Squarepoint Ops LLC now owns 348,394 shares of the company's stock worth $8,776,000 after buying an additional 239,358 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on EE shares. Morgan Stanley boosted their price objective on shares of Excelerate Energy from $30.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 24th. Barclays lifted their target price on shares of Excelerate Energy from $33.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, March 2nd. Jefferies Financial Group upped their price target on shares of Excelerate Energy from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Wall Street Zen lowered Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Wells Fargo & Company boosted their price objective on Excelerate Energy from $29.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.00.
Read Our Latest Analysis on Excelerate Energy
About Excelerate Energy
(
Get Free Report)
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.
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