11,302 Shares in Excelerate Energy, Inc. (NYSE:EE) Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,302 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EE. Rhumbline Advisers lifted its holdings in Excelerate Energy by 9.6% in the second quarter. Rhumbline Advisers now owns 29,243 shares of the company’s stock valued at $539,000 after acquiring an additional 2,553 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Excelerate Energy during the second quarter worth $1,569,000. Dimensional Fund Advisors LP grew its position in Excelerate Energy by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 176,334 shares of the company’s stock valued at $3,252,000 after buying an additional 20,661 shares during the period. Renaissance Technologies LLC increased its holdings in Excelerate Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 249,282 shares of the company’s stock valued at $4,597,000 after buying an additional 18,282 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Excelerate Energy by 28.2% in the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock worth $6,241,000 after acquiring an additional 74,491 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Up 0.6 %

EE opened at $32.13 on Friday. Excelerate Energy, Inc. has a 1-year low of $13.38 and a 1-year high of $32.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company’s 50 day simple moving average is $29.94 and its two-hundred day simple moving average is $23.83. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 1.81 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $193.42 million during the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same quarter last year, the firm posted $0.40 earnings per share. Analysts expect that Excelerate Energy, Inc. will post 1.23 EPS for the current fiscal year.

Excelerate Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. Excelerate Energy’s payout ratio is currently 24.24%.

Analyst Upgrades and Downgrades

EE has been the topic of a number of recent analyst reports. Northland Securities increased their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Barclays upped their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday. Stephens lifted their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley upped their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Hold” and an average price target of $29.43.

Excelerate Energy Company Profile

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.