CenterBook Partners LP Has $1.03 Million Stock Position in Excelerate Energy, Inc. $EE

CenterBook Partners LP lowered its stake in Excelerate Energy, Inc. (NYSE:EE) by 60.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,782 shares of the company’s stock after selling 56,181 shares during the quarter. CenterBook Partners LP’s holdings in Excelerate Energy were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Excelerate Energy by 91.7% during the first quarter. AQR Capital Management LLC now owns 18,117 shares of the company’s stock valued at $520,000 after buying an additional 8,665 shares in the last quarter. Millennium Management LLC increased its position in shares of Excelerate Energy by 26.8% in the first quarter. Millennium Management LLC now owns 415,206 shares of the company’s stock worth $11,908,000 after acquiring an additional 87,672 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Excelerate Energy by 27.5% during the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after acquiring an additional 95,565 shares during the period. Jane Street Group LLC lifted its position in shares of Excelerate Energy by 133.9% in the 1st quarter. Jane Street Group LLC now owns 63,505 shares of the company’s stock valued at $1,821,000 after acquiring an additional 36,354 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Excelerate Energy by 3.6% in the 2nd quarter. Legal & General Group Plc now owns 19,317 shares of the company’s stock valued at $566,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EE. Northland Securities set a $48.00 price objective on shares of Excelerate Energy in a research report on Friday, May 15th. Dnb Carnegie cut Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Morgan Stanley decreased their target price on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Barclays lifted their price target on Excelerate Energy from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Insider Activity at Excelerate Energy

In other news, insider Oliver Simpson sold 6,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $34.15, for a total transaction of $204,900.00. Following the transaction, the insider directly owned 51,719 shares in the company, valued at $1,766,203.85. The trade was a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.34% of the stock is currently owned by corporate insiders.

Excelerate Energy Price Performance

Shares of EE opened at $32.76 on Thursday. Excelerate Energy, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $43.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.60 and a quick ratio of 2.60. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.17 and a beta of 1.27. The business’s 50-day moving average is $34.11 and its 200-day moving average is $33.54.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.02). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The company had revenue of $433.44 million for the quarter, compared to analysts’ expectations of $351.68 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue was up 37.6% on a year-over-year basis. Equities research analysts expect that Excelerate Energy, Inc. will post 1.52 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, May 20th. Excelerate Energy’s payout ratio is currently 26.02%.

About Excelerate Energy

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.