CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Makes New $10.86 Million Investment in Excelerate Energy, Inc. $EE

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 325,000 shares of the company’s stock, valued at approximately $10,862,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.28% of Excelerate Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EE. Arax Advisory Partners grew its position in Excelerate Energy by 791.9% during the 4th 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 position in Excelerate Energy in the 4th quarter valued at $33,000. Essex Investment Management Co. LLC bought a new position in Excelerate Energy in the 4th quarter valued at $41,000. CIBC Private Wealth Group LLC acquired a new position in Excelerate Energy in the fourth quarter worth $56,000. Finally, Tower Research Capital LLC TRC boosted its stake in Excelerate Energy by 157.1% in 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 in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Down 0.2%

Shares of NYSE:EE opened at $37.91 on Monday. 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 stock has a market cap of $4.32 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 1.38 and a beta of 1.23. The company has a 50 day moving average of $34.88 and a 200-day moving average of $34.54. Excelerate Energy, Inc. has a one year low of $21.28 and a one year high of $43.17.

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). Excelerate Energy had a net margin of 2.98% and a return on equity of 3.85%. The business had revenue of $433.44 million during the quarter, compared to analyst estimates of $351.68 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 37.6% on a year-over-year basis. On average, sell-side analysts forecast that Excelerate Energy, Inc. will post 1.52 earnings per share for the current year.

Excelerate Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. Excelerate Energy’s payout ratio is 26.02%.

Analysts Set New Price Targets

Several research analysts recently issued reports on EE shares. Northland Securities set a $48.00 price target on shares of Excelerate Energy in a research report on Friday, May 15th. Zacks Research cut shares of Excelerate Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $42.00 price objective on shares of Excelerate Energy in a report on Friday, May 8th. Finally, Wells Fargo & Company decreased their price objective on Excelerate Energy from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

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.