13,285 Shares in Excelerate Energy, Inc. (NYSE:EE) Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,285 shares of the company's stock, valued at approximately $381,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Summit Investment Advisors Inc. boosted its stake in shares of Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the period. Rhumbline Advisers raised its position in Excelerate Energy by 1.5% during the 1st quarter. Rhumbline Advisers now owns 31,903 shares of the company's stock worth $915,000 after purchasing an additional 471 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Excelerate Energy by 3.0% during the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock worth $518,000 after acquiring an additional 494 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in shares of Excelerate Energy by 14.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock valued at $245,000 after buying an additional 1,007 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EE. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Wall Street Zen downgraded Excelerate Energy from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Jefferies Financial Group assumed coverage on Excelerate Energy in a research note on Thursday, June 5th. They issued a "buy" rating and a $39.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.29.

Excelerate Energy Stock Performance

Shares of NYSE:EE traded down $1.03 during mid-day trading on Monday, reaching $25.59. The company had a trading volume of 126,414 shares, compared to its average volume of 314,896. The company's 50-day moving average price is $29.02 and its 200-day moving average price is $28.77. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.31. Excelerate Energy, Inc. has a one year low of $17.54 and a one year high of $32.99. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.93 and a beta of 1.40.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. Excelerate Energy's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal 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 $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.94%. Excelerate Energy's dividend payout ratio (DPR) is presently 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.