9,314 Shares in Excelerate Energy, Inc. (NYSE:EE) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,314 shares of the company's stock, valued at approximately $282,000.

Several other large investors also recently made changes to their positions in EE. Barclays PLC boosted its stake in Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock valued at $591,000 after purchasing an additional 20,113 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after buying an additional 12,802 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Excelerate Energy during the 4th quarter worth $342,000. Ritholtz Wealth Management purchased a new stake in shares of Excelerate Energy in the fourth quarter valued at about $580,000. Finally, SG Americas Securities LLC grew its position in Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after purchasing an additional 845 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

EE traded down $0.45 on Friday, reaching $28.80. The company had a trading volume of 429,568 shares, compared to its average volume of 282,994. Excelerate Energy, Inc. has a 52-week low of $16.70 and a 52-week high of $32.99. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 5.82 and a beta of 1.39. 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 business has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $28.78.

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

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is presently 16.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays upped their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Morgan Stanley restated 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. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $31.17.

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.