Adage Capital Partners GP L.L.C. Has $756,000 Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Adage Capital Partners GP L.L.C. lessened its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 50.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company's stock after selling 25,000 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in Excelerate Energy were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at approximately $579,000. Dimensional Fund Advisors LP raised its stake in Excelerate Energy by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company's stock worth $7,898,000 after buying an additional 25,649 shares during the period. Zacks Investment Management bought a new position in Excelerate Energy during the fourth quarter worth about $411,000. Mariner LLC bought a new stake in shares of Excelerate Energy in the fourth quarter worth about $200,000. Finally, Barclays PLC raised its position in shares of Excelerate Energy by 11.0% during the fourth quarter. Barclays PLC now owns 29,779 shares of the company's stock worth $901,000 after purchasing an additional 2,957 shares during the period. Institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

EE has been the subject of a number of research reports. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Barclays raised their target price on shares of 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 reaffirmed an "underweight" rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, 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. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.17.

Excelerate Energy Price Performance

Excelerate Energy stock traded down $0.09 during trading hours on Monday, reaching $25.64. 54,828 shares of the stock were exchanged, compared to its average volume of 379,235. The stock has a 50 day moving average of $27.55 and a two-hundred day moving average of $28.57. Excelerate Energy, Inc. has a twelve month low of $16.70 and a twelve month high of $32.99. 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 has a market cap of $2.72 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 0.94%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's payout ratio is currently 19.20%.

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.