29,244 Shares in Excelerate Energy, Inc. $EE Acquired by Amitell Capital Pte Ltd

Amitell Capital Pte Ltd purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,244 shares of the company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Excelerate Energy in the 2nd quarter valued at $12,926,000. Emerald Advisers LLC purchased a new stake in Excelerate Energy in the second quarter valued at $11,740,000. Qube Research & Technologies Ltd boosted its holdings in Excelerate Energy by 328.4% in the second quarter. Qube Research & Technologies Ltd now owns 453,345 shares of the company’s stock valued at $13,292,000 after purchasing an additional 347,521 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Excelerate Energy by 49.8% during the 2nd quarter. TimesSquare Capital Management LLC now owns 716,352 shares of the company’s stock worth $21,003,000 after purchasing an additional 238,259 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Excelerate Energy by 430.3% during the 2nd quarter. Marshall Wace LLP now owns 292,150 shares of the company’s stock valued at $8,566,000 after buying an additional 237,056 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Monday, January 5th. Northland Securities set a $50.00 price objective on Excelerate Energy in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $44.00 price objective on shares of Excelerate Energy in a research note on Friday, February 6th. Finally, Tudor Pickering upgraded shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Excelerate Energy presently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Excelerate Energy Stock Performance

NYSE:EE opened at $42.84 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.39 and a current ratio of 2.39. The stock has a market capitalization of $4.89 billion, a PE ratio of 29.75, a P/E/G ratio of 1.35 and a beta of 1.36. Excelerate Energy, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $43.07. The company has a fifty day moving average of $34.25 and a two-hundred day moving average of $28.80.

Excelerate Energy declared that its Board of Directors has approved a share repurchase plan on Thursday, December 11th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to buy up to 2.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. Excelerate Energy’s dividend payout ratio (DPR) is currently 22.22%.

Excelerate Energy Company 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.