80,646 Shares in Excelerate Energy, Inc. $EE Purchased by First Trust Advisors LP

First Trust Advisors LP purchased a new stake in Excelerate Energy, Inc. (NYSE:EE) during the first quarter, HoldingsChannel.com reports. The firm purchased 80,646 shares of the company’s stock, valued at approximately $2,695,000.

Several other large investors have also recently bought and sold shares of the stock. Arax Advisory Partners lifted its position in Excelerate Energy by 791.9% during the fourth quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after acquiring an additional 784 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $33,000. Essex Investment Management Co. LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $41,000. CIBC Private Wealth Group LLC bought a new position in shares of Excelerate Energy during the fourth quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Excelerate Energy by 157.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock worth $57,000 after purchasing an additional 1,186 shares during the period. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Down 7.6%

Shares of EE stock opened at $34.97 on Friday. The company has a current ratio of 1.80, a quick ratio of 2.60 and a debt-to-equity ratio of 0.52. The stock has a market cap of $3.98 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. The stock has a 50 day simple moving average of $36.73 and a 200 day simple moving average of $36.20. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.17.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Excelerate Energy had a return on equity of 2.24% and a net margin of 3.23%.The business had revenue of $329.27 million for the quarter, compared to the consensus estimate of $344.27 million. During the same quarter in the prior year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 60.9% compared to the same quarter last year. On average, research analysts predict that Excelerate Energy, Inc. will post 1.52 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.08. Excelerate Energy’s dividend payout ratio is currently 26.02%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EE. Wells Fargo & Company dropped their price target on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Stephens reaffirmed an “overweight” rating and issued a $45.00 price objective on shares of Excelerate Energy in a report on Thursday, July 9th. The Goldman Sachs Group began coverage on Excelerate Energy in a research report on Wednesday, July 15th. They set a “buy” rating and a $49.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a report on Wednesday, June 24th. Finally, Northland Securities set a $48.00 target price on shares of Excelerate Energy in a research report on Friday, May 15th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Excelerate Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Excelerate Energy Profile

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.