Fox Run Management L.L.C. Makes New Investment in Excelerate Energy, Inc. $EE

Fox Run Management L.L.C. purchased a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,387 shares of the company’s stock, valued at approximately $589,000.

Several other institutional investors also recently modified their holdings of EE. AlphaQuest LLC purchased a new stake in Excelerate Energy in the second quarter valued at approximately $30,000. State of Alaska Department of Revenue bought a new position in shares of Excelerate Energy in the 3rd quarter worth $30,000. Tower Research Capital LLC TRC raised its position 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 buying an additional 1,186 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Excelerate Energy by 32.8% during the 3rd quarter. New York State Teachers Retirement System now owns 2,081 shares of the company’s stock worth $52,000 after acquiring an additional 514 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Excelerate Energy by 31.3% in the second quarter. Ameritas Investment Partners Inc. now owns 2,352 shares of the company’s stock worth $69,000 after acquiring an additional 561 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Performance

NYSE:EE opened at $40.32 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.39 and a current ratio of 2.39. Excelerate Energy, Inc. has a fifty-two week low of $21.28 and a fifty-two week high of $43.07. The firm has a market cap of $4.60 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 1.25 and a beta of 1.36. The business has a 50 day moving average price of $34.79 and a 200-day moving average price of $29.03.

Excelerate Energy (NYSE:EE) last issued its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $317.57 million during the quarter, compared to analysts’ expectations of $293.49 million. Excelerate Energy had a return on equity of 4.18% and a net margin of 3.19%.The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. Equities research analysts predict that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Wednesday, March 11th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.8%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Excelerate Energy declared that its board has initiated a stock buyback plan on Thursday, December 11th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EE has been the topic of a number of research reports. 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 research report on Monday, January 5th. Jefferies Financial Group raised their price objective on Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Morgan Stanley upped their target price on Excelerate Energy from $30.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Northland Securities set a $50.00 price target on shares of Excelerate Energy in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Excelerate Energy in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.44.

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.