Bank of America Corp DE Has $1.32 Million Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Bank of America Corp DE reduced its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,541 shares of the company's stock after selling 9,640 shares during the quarter. Bank of America Corp DE's holdings in Excelerate Energy were worth $1,317,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings 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 purchasing an additional 400 shares during the last quarter. Sterling Capital Management LLC raised its stake in Excelerate Energy by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock valued at $518,000 after purchasing an additional 494 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after buying an additional 845 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $27,000. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in shares of Excelerate Energy by 14.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock worth $245,000 after acquiring an additional 1,007 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Stock Up 4.4%

Shares of NYSE EE opened at $30.98 on Friday. The company has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $29.13. The firm has a market cap of $3.53 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy, Inc. has a 1 year low of $16.75 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $315.09 million during the quarter, compared to the consensus estimate 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. On average, research analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, May 21st. Excelerate Energy's dividend payout ratio is currently 16.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EE shares. Jefferies Financial Group started coverage on Excelerate Energy in a research note on Thursday. They set a "buy" rating and a $39.00 target price for the company. Wall Street Zen downgraded Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Stephens restated an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Barclays increased their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.29.

Excelerate Energy Company 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.

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