Corton Capital Inc. Has $523,000 Stock Holdings in Excelerate Energy, Inc. $EE

Corton Capital Inc. grew its position in Excelerate Energy, Inc. (NYSE:EE) by 73.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,840 shares of the company’s stock after purchasing an additional 7,569 shares during the period. Excelerate Energy comprises approximately 0.6% of Corton Capital Inc.’s holdings, making the stock its 14th biggest holding. Corton Capital Inc.’s holdings in Excelerate Energy were worth $523,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its stake in shares of Excelerate Energy by 4.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 478,093 shares of the company’s stock valued at $13,712,000 after purchasing an additional 20,095 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Excelerate Energy by 27.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after purchasing an additional 95,565 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Excelerate Energy by 45.9% in the 1st quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company’s stock valued at $12,503,000 after purchasing an additional 137,120 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Excelerate Energy by 26.8% in the 1st quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock valued at $11,908,000 after purchasing an additional 87,672 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new stake in shares of Excelerate Energy in the 2nd quarter valued at $11,740,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of EE stock opened at $25.83 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market cap of $2.95 billion, a PE ratio of 18.99 and a beta of 1.38. The stock has a 50-day moving average of $25.32 and a 200-day moving average of $26.59. Excelerate Energy, Inc. has a one year low of $21.28 and a one year high of $32.99.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $259.82 million. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, sell-side analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 19th. Excelerate Energy’s dividend payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

EE has been the topic of several research reports. Wells Fargo & Company set a $26.00 price target on shares of Excelerate Energy in a research report on Monday, August 11th. Wall Street Zen raised Excelerate Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 24th. Jefferies Financial Group set a $37.00 price objective on Excelerate Energy and gave the stock a “buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. assumed coverage on Excelerate Energy in a report on Monday, September 8th. They set a “neutral” rating and a $30.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Excelerate Energy in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.25.

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.