Westwood Holdings Group Inc. Cuts Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Westwood Holdings Group Inc. decreased its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,915 shares of the company’s stock after selling 2,427 shares during the quarter. Westwood Holdings Group Inc. owned 0.22% of Excelerate Energy worth $3,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in Excelerate Energy in the first quarter worth approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy in the first quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its position in Excelerate Energy by 295.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock worth $70,000 after acquiring an additional 3,365 shares during the period. SG Americas Securities LLC bought a new position in Excelerate Energy in the fourth quarter worth approximately $108,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Excelerate Energy in the first quarter worth approximately $118,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE:EE traded down $0.54 on Friday, reaching $19.52. The company’s stock had a trading volume of 166,968 shares, compared to its average volume of 214,345. Excelerate Energy, Inc. has a 52-week low of $13.38 and a 52-week high of $22.42. The company has a market cap of $2.09 billion, a P/E ratio of 19.33 and a beta of 1.31. The company has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $16.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.52 and a current ratio of 3.52.

Excelerate Energy (NYSE:EE) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $200.11 million during the quarter, compared to analysts’ expectations of $255.26 million. Excelerate Energy had a net margin of 2.60% and a return on equity of 1.66%. As a group, equities research analysts anticipate that Excelerate Energy, Inc. will post 1.28 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.51%. Excelerate Energy’s dividend payout ratio is currently 9.90%.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an “overweight” rating and issued a $21.00 price target on shares of Excelerate Energy in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Excelerate Energy has a consensus rating of “Moderate Buy” and a consensus price target of $21.50.

Excelerate Energy 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.