Algert Global LLC Reduces Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Algert Global LLC reduced its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,220 shares of the company's stock after selling 23,873 shares during the period. Algert Global LLC owned approximately 0.09% of Excelerate Energy worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of EE. Barclays PLC lifted its holdings in Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock worth $591,000 after buying an additional 20,113 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after acquiring an additional 12,802 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Excelerate Energy during the 4th quarter worth approximately $342,000. Ritholtz Wealth Management acquired a new position in Excelerate Energy in the 4th quarter worth $580,000. Finally, SG Americas Securities LLC grew its stake in shares of Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after acquiring an additional 845 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EE. Barclays upped their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Stephens restated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, Excelerate Energy presently has an average rating of "Hold" and an average target price of $31.17.

Excelerate Energy Stock Up 4.4 %

Shares of Excelerate Energy stock traded up $1.22 on Friday, hitting $28.72. The company had a trading volume of 475,440 shares, compared to its average volume of 279,022. Excelerate Energy, Inc. has a 1 year low of $16.70 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a 50 day moving average of $27.24 and a 200-day moving average of $28.65. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The firm had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The company's revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast 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, June 5th. Stockholders of record on Wednesday, May 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's dividend payout ratio is presently 16.33%.

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.