DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Stock Position in Excelerate Energy, Inc. (NYSE:EE)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 44.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,040 shares of the company's stock after selling 107,686 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.12% of Excelerate Energy worth $3,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corton Capital Inc. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $465,000. Centiva Capital LP acquired a new position in Excelerate Energy during the fourth quarter worth approximately $282,000. BNP Paribas Financial Markets acquired a new position in Excelerate Energy during the fourth quarter worth approximately $418,000. Voleon Capital Management LP acquired a new position in Excelerate Energy during the fourth quarter worth approximately $655,000. Finally, PDT Partners LLC increased its position in Excelerate Energy by 6.3% during the fourth quarter. PDT Partners LLC now owns 49,926 shares of the company's stock worth $1,510,000 after purchasing an additional 2,955 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EE shares. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Morgan Stanley reissued an "underweight" rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report 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 research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Trading Down 2.6%

Shares of Excelerate Energy stock traded down $0.76 during trading hours on Friday, hitting $28.50. The company's stock had a trading volume of 105,345 shares, compared to its average volume of 381,850. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year high of $32.99. The business has a fifty day moving average of $27.29 and a 200 day moving average of $28.78. The company has a market capitalization of $3.02 billion, a PE ratio of 28.78, a P/E/G ratio of 5.82 and a beta of 1.39. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, topping 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 business's revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. Excelerate Energy's dividend payout ratio (DPR) 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.