PDT Partners LLC Purchases 21,645 Shares of Excelerate Energy, Inc. (NYSE:EE)

PDT Partners LLC boosted its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 85.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 46,971 shares of the company’s stock after buying an additional 21,645 shares during the quarter. PDT Partners LLC’s holdings in Excelerate Energy were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Bailard Inc. bought a new stake in shares of Excelerate Energy in the 2nd quarter valued at about $297,000. US Bancorp DE bought a new stake in Excelerate Energy in the third quarter valued at approximately $130,000. Cubist Systematic Strategies LLC lifted its position in shares of Excelerate Energy by 836.0% in the second quarter. Cubist Systematic Strategies LLC now owns 35,707 shares of the company’s stock valued at $658,000 after buying an additional 31,892 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Excelerate Energy by 28.2% during the 2nd 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. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Excelerate Energy during the 2nd quarter worth approximately $1,569,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Up 0.9 %

Shares of EE opened at $30.97 on Monday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $31.89. The firm’s 50 day moving average is $25.05 and its 200-day moving average is $20.88. The stock has a market capitalization of $3.29 billion, a PE ratio of 31.28, a P/E/G ratio of 2.25 and a beta of 1.28.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter last year, the company earned $0.40 EPS. Equities research analysts forecast that Excelerate Energy, Inc. will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be given a dividend of $0.06 per share. This is a boost from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.24 annualized dividend and a yield of 0.77%. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Analyst Ratings Changes

EE has been the subject of several research reports. Barclays raised their price target on Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Morgan Stanley increased their price target on shares of 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 stock an “outperform” rating in a report on Monday, November 11th. Finally, Stephens increased their target price on Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.67.

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.