Kayne Anderson Capital Advisors LP Has $19.69 Million Position in Excelerate Energy, Inc. $EE

Kayne Anderson Capital Advisors LP lifted its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 77.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 781,623 shares of the company’s stock after acquiring an additional 340,747 shares during the period. Excelerate Energy comprises 0.4% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 23rd largest position. Kayne Anderson Capital Advisors LP’s holdings in Excelerate Energy were worth $19,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in Excelerate Energy in the second quarter valued at approximately $30,000. State of Alaska Department of Revenue acquired a new position in shares of Excelerate Energy during the third quarter worth $30,000. New York State Teachers Retirement System lifted its stake in shares of Excelerate Energy by 32.8% in the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock valued at $52,000 after acquiring an additional 514 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Excelerate Energy by 157.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,941 shares of the company’s stock valued at $57,000 after acquiring an additional 1,186 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Excelerate Energy by 19.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,438 shares of the company’s stock valued at $61,000 after acquiring an additional 392 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EE. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $44.00 target price on shares of Excelerate Energy in a report on Friday, February 6th. Raymond James Financial upgraded Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a report on Monday, January 5th. Jefferies Financial Group raised their price objective on shares of Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Dnb Carnegie downgraded shares of Excelerate Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Tudor Pickering raised shares of Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

Excelerate Energy Price Performance

Shares of EE opened at $42.54 on Wednesday. Excelerate Energy, Inc. has a 1 year low of $21.28 and a 1 year high of $43.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.39 and a quick ratio of 2.39. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. The business has a 50-day moving average of $33.92 and a 200-day moving average of $28.70.

Excelerate Energy declared that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company’s leadership believes its shares are undervalued.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be issued a dividend of $0.08 per share. The ex-dividend date is Wednesday, March 11th. This represents a $0.32 annualized dividend and a yield of 0.8%. Excelerate Energy’s dividend payout ratio (DPR) is presently 22.22%.

About Excelerate Energy

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.