Key Points
- Insider Hood Alisa Newman sold 6,269 shares at an average price of $38.29, totaling about $240,040. The sale reduced her holdings by 16.03% to 32,827 shares.
- Excelerate Energy reported quarterly EPS of $0.44, beating estimates of $0.42, but revenue of $297.21 million missed consensus and fell 24% year over year.
- Analysts have an average “Buy” rating and a $44.20 price target. The company also announced a quarterly dividend of $0.09 per share.
Excelerate Energy, Inc. (NYSE:EE - Get Free Report) insider Hood Alisa Newman sold 6,269 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $38.29, for a total transaction of $240,040.01. Following the sale, the insider owned 32,827 shares in the company, valued at $1,256,945.83. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Excelerate Energy Stock Performance
NYSE:EE opened at $38.17 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.50. Excelerate Energy, Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $43.17. The stock has a market cap of $4.33 billion, a PE ratio of 25.86 and a beta of 1.23. The firm's fifty day simple moving average is $35.04 and its 200-day simple moving average is $36.12.
Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Excelerate Energy had a net margin of 3.47% and a return on equity of 2.13%. The business had revenue of $297.21 million during the quarter, compared to the consensus estimate of $365.99 million. During the same quarter last year, the firm posted $0.45 EPS. The business's revenue was down 24.0% compared to the same quarter last year. Analysts expect that Excelerate Energy, Inc. will post 1.62 earnings per share for the current fiscal year.
Excelerate Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, November 18th. Excelerate Energy's dividend payout ratio is presently 24.66%.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Dnb Carnegie raised shares of Excelerate Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 28th. Northland Securities set a $45.00 price target on shares of Excelerate Energy in a research report on Wednesday, August 12th. Raymond James Financial reissued a "strong-buy" rating and set a $50.00 price target on shares of Excelerate Energy in a research note on Monday, September 21st. Morgan Stanley set a $41.00 price target on Excelerate Energy in a research note on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on Excelerate Energy from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Excelerate Energy presently has an average rating of "Buy" and an average price target of $44.20.
Read Our Latest Analysis on Excelerate Energy
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Excelerate Energy by 26.8% in the 2nd quarter. Wellington Management Group LLP now owns 3,339,759 shares of the company's stock worth $126,877,000 after buying an additional 705,587 shares in the last quarter. Copeland Capital Management LLC grew its stake in Excelerate Energy by 45.0% in the 1st quarter. Copeland Capital Management LLC now owns 1,584,618 shares of the company's stock valued at $52,958,000 after acquiring an additional 491,653 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in Excelerate Energy during the 2nd quarter valued at about $34,658,000. Renaissance Technologies LLC increased its holdings in Excelerate Energy by 132.9% during the 1st quarter. Renaissance Technologies LLC now owns 285,519 shares of the company's stock valued at $9,542,000 after acquiring an additional 162,919 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Excelerate Energy by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 195,532 shares of the company's stock valued at $6,535,000 after acquiring an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.
Excelerate Energy Company Profile
(
Get Free Report)
Excelerate Energy, Inc. is an energy company focused on liquefied natural gas (LNG) infrastructure and delivery. Its services include LNG transportation and supply, floating storage and regasification units (FSRUs), and the development and operation of LNG terminals that connect imported gas to local energy markets. Founded in 2003, the company helped establish the use of FSRUs as a flexible alternative to land-based LNG import terminals. Excelerate serves customers in multiple regions, including Europe, Asia, and South America, supporting countries seeking to diversify gas supplies or expand access to natural gas.
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