Excelerate Energy (NYSE:EE) Insider Hood Alisa Newman Sells 6,269 Shares of Company Stock

Excelerate Energy, Inc. (NYSE:EE) insider Hood Alisa Newman sold 6,269 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $38.29, for a total value of $240,040.01. Following the completion of the transaction, the insider owned 32,827 shares in the company, valued at $1,256,945.83. This trade represents a 16.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Excelerate Energy Stock Up 0.4%

EE opened at $38.17 on Friday. The business has a 50 day moving average price of $35.04 and a two-hundred day moving average price of $36.12. The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.33 billion, a PE ratio of 25.86 and a beta of 1.23. Excelerate Energy, Inc. has a 52 week low of $25.67 and a 52 week high of $43.17.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Excelerate Energy had a return on equity of 2.13% and a net margin of 3.47%. The company had revenue of $297.21 million during the quarter, compared to analysts’ expectations of $365.99 million. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was down 24.0% on a year-over-year basis. As a group, research analysts anticipate that Excelerate Energy, Inc. will post 1.62 EPS for the current year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 18th. Excelerate Energy’s dividend payout ratio is 24.66%.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC raised its stake in shares of Excelerate Energy by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 68,788 shares of the company’s stock worth $2,210,000 after buying an additional 323 shares in the last quarter. Kings Path Partners LLC acquired a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $473,000. Engineers Gate Manager LP purchased a new stake in shares of Excelerate Energy in the second quarter valued at approximately $927,000. Nykredit A S purchased a new stake in shares of Excelerate Energy in the second quarter valued at approximately $70,000. Finally, AXQ Capital LP purchased a new stake in shares of Excelerate Energy in the second quarter valued at approximately $240,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EE shares. Wells Fargo & Company increased their price target on Excelerate Energy from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Tuesday. DNB Markets set a $39.00 price objective on shares of Excelerate Energy in a research note on Wednesday, October 28th. Dnb Carnegie raised shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Raymond James Financial restated a “strong-buy” rating and set a $50.00 price objective on shares of Excelerate Energy in a research report on Monday, September 21st. Finally, Barclays raised their target price on shares of Excelerate Energy from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Excelerate Energy has an average rating of “Buy” and a consensus target price of $44.20.

About Excelerate Energy

Excelerate Energy, Inc. is an energy company focused on liquefied natural gas (LNG) infrastructure and delivery. Its services include LNG transportation and supply, floating storage and regasification units (FSRUs), and the development and operation of LNG terminals that connect imported gas to local energy markets. Founded in 2003, the company helped establish the use of FSRUs as a flexible alternative to land-based LNG import terminals. Excelerate serves customers in multiple regions, including Europe, Asia, and South America, supporting countries seeking to diversify gas supplies or expand access to natural gas.