Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,205 shares of the company's stock after selling 49,145 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.37% of Excelerate Energy worth $11,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EE. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy during the 4th quarter worth approximately $27,000. Aquatic Capital Management LLC bought a new position in shares of Excelerate Energy in the 4th quarter worth about $33,000. Summit Investment Advisors Inc. increased its stake in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $174,000. Finally, Mariner LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Up 1.7%

NYSE EE traded up $0.48 during midday trading on Friday, hitting $28.96. 272,250 shares of the company traded hands, compared to its average volume of 288,443. The company has a market cap of $3.07 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company's 50-day simple moving average is $27.37 and its 200-day simple moving average is $29.01. Excelerate Energy, Inc. has a 52 week low of $16.70 and a 52 week high of $32.99.

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

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be issued a $0.06 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.83%. Excelerate Energy's payout ratio is currently 16.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stephens reissued an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Morgan Stanley restated an "underweight" rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wall Street Zen downgraded shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.