Counterpoint Mutual Funds LLC Purchases 113,984 Shares of Excelerate Energy, Inc. $EE

Counterpoint Mutual Funds LLC raised its position in Excelerate Energy, Inc. (NYSE:EE) by 999.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 125,387 shares of the company’s stock after purchasing an additional 113,984 shares during the period. Counterpoint Mutual Funds LLC owned 0.11% of Excelerate Energy worth $4,190,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EE. UBS Group AG raised its stake in Excelerate Energy by 79.0% during the fourth quarter. UBS Group AG now owns 416,082 shares of the company’s stock worth $11,671,000 after buying an additional 183,664 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Excelerate Energy by 37.3% during the third quarter. JPMorgan Chase & Co. now owns 408,152 shares of the company’s stock valued at $10,281,000 after acquiring an additional 110,970 shares during the last quarter. NFJ Investment Group LLC bought a new stake in Excelerate Energy during the fourth quarter valued at $2,590,000. Copeland Capital Management LLC acquired a new stake in Excelerate Energy during the 4th quarter worth about $30,658,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in Excelerate Energy during the 3rd quarter worth about $4,781,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Down 0.2%

EE opened at $37.91 on Friday. Excelerate Energy, Inc. has a 1-year low of $21.28 and a 1-year high of $43.17. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.32 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company has a fifty day moving average price of $34.88 and a two-hundred day moving average price of $34.49.

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

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 20th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Excelerate Energy’s dividend payout ratio is 26.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EE. Morgan Stanley dropped their price objective on Excelerate Energy from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Zacks Research lowered Excelerate Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 target price on shares of Excelerate Energy in a research note on Friday, May 8th. Wells Fargo & Company lowered their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

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.