Dimensional Fund Advisors LP Buys 25,649 Shares of Excelerate Energy, Inc. (NYSE:EE)

Dimensional Fund Advisors LP grew its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,110 shares of the company's stock after purchasing an additional 25,649 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.25% of Excelerate Energy worth $7,898,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EE. Summit Investment Advisors Inc. grew its stake in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after buying an additional 400 shares in the last quarter. Sterling Capital Management LLC grew its stake 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 in the last quarter. SG Americas Securities LLC grew its stake in Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after buying an additional 845 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Excelerate Energy during the fourth quarter worth about $27,000. Finally, Jaffetilchin Investment Partners LLC grew its stake 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 buying an additional 1,007 shares in the last quarter. 21.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Excelerate Energy Trading Down 1.5%

NYSE:EE traded down $0.44 during mid-day trading on Friday, hitting $28.82. 37,141 shares of the company's stock were exchanged, compared to its average volume of 281,456. The company has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $28.78. 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 fifty-two week low of $16.70 and a fifty-two week high of $32.99. The firm has a market capitalization of $3.05 billion, a P/E ratio of 29.11, a PEG ratio of 5.82 and a beta of 1.39.

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

Excelerate Energy Announces Dividend

The business 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. 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 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.