Quest Partners LLC Has $212,000 Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Quest Partners LLC trimmed its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,628 shares of the company’s stock after selling 1,840 shares during the quarter. Quest Partners LLC’s holdings in Excelerate Energy were worth $212,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Excelerate Energy in the second quarter worth approximately $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of Excelerate Energy in the first quarter worth approximately $38,000. US Bancorp DE acquired a new position in shares of Excelerate Energy in the third quarter worth approximately $130,000. SG Americas Securities LLC bought a new stake in Excelerate Energy in the third quarter worth approximately $161,000. Finally, Victory Capital Management Inc. bought a new stake in Excelerate Energy in the third quarter worth approximately $214,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EE has been the subject of several recent research reports. Morgan Stanley boosted their price objective on Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Northland Securities boosted their price objective on Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Stephens boosted their price objective on Excelerate Energy from $21.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Barclays boosted their price objective on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.67.

Excelerate Energy Trading Up 1.8 %

NYSE EE opened at $30.69 on Thursday. Excelerate Energy, Inc. has a fifty-two week low of $13.38 and a fifty-two week high of $31.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $20.69. The stock has a market cap of $3.26 billion, a P/E ratio of 31.00, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The company had revenue of $193.42 million during the quarter, compared to analysts’ expectations of $194.09 million. During the same quarter last year, the business posted $0.40 EPS. On average, analysts forecast that Excelerate Energy, Inc. will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th will be issued a $0.06 dividend. This is a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

About Excelerate Energy

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.