14,788 Shares in Excelerate Energy, Inc. (NYSE:EE) Purchased by Tidal Investments LLC

Tidal Investments LLC purchased a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,788 shares of the company's stock, valued at approximately $447,000.

A number of other hedge funds have also bought and sold shares of EE. TimesSquare Capital Management LLC bought a new position in Excelerate Energy in the fourth quarter worth about $13,854,000. D. E. Shaw & Co. Inc. lifted its holdings in Excelerate Energy by 16.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,293 shares of the company's stock worth $13,168,000 after acquiring an additional 60,691 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Excelerate Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock worth $10,836,000 after acquiring an additional 44,400 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Excelerate Energy by 94.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock valued at $10,591,000 after buying an additional 169,924 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Excelerate Energy by 12.0% during the fourth quarter. Millennium Management LLC now owns 327,534 shares of the company's stock valued at $9,908,000 after buying an additional 35,199 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays lifted their price objective 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. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Stock Performance

Shares of NYSE:EE traded up $1.00 on Tuesday, hitting $29.82. 336,788 shares of the company were exchanged, compared to its average volume of 287,910. The company's 50 day moving average price is $27.21 and its two-hundred day moving average price is $29.10. Excelerate Energy, Inc. has a one year low of $16.75 and a one 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 firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last posted 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. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $315.09 million for the quarter, compared to the consensus estimate of $207.87 million. The business's revenue was up 14.8% on a year-over-year basis. Research analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. Excelerate Energy's payout ratio is 16.33%.

About Excelerate Energy

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.