Ethic Inc. Acquires New Position in Excelerate Energy, Inc. (NYSE:EE)

Ethic Inc. acquired a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,566 shares of the company's stock, valued at approximately $410,000.

Several other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after acquiring an additional 400 shares during the period. Sterling Capital Management LLC increased its holdings in Excelerate Energy by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock worth $518,000 after buying an additional 494 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after purchasing an additional 845 shares during the period. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the fourth quarter worth about $27,000. Finally, Jaffetilchin Investment Partners LLC lifted its position in Excelerate Energy by 14.2% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock worth $245,000 after purchasing an additional 1,007 shares during the period. Institutional investors own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stephens reiterated an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays boosted their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Morgan Stanley reiterated an "underweight" rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Stock Up 1.0%

Shares of EE traded up $0.28 during trading hours on Tuesday, hitting $29.42. The company had a trading volume of 403,036 shares, compared to its average volume of 284,936. The company has a market capitalization of $3.12 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $27.32 and its two-hundred day moving average price is $28.92. Excelerate Energy, Inc. has a one year low of $16.70 and a one year high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm's revenue was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Excelerate Energy's payout ratio is 16.33%.

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.