Northern Trust Corp Has $4.84 Million Holdings in Excelerate Energy, Inc. (NYSE:EE)

Northern Trust Corp increased its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,935 shares of the company's stock after acquiring an additional 10,360 shares during the quarter. Northern Trust Corp owned 0.15% of Excelerate Energy worth $4,838,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $13,854,000. Renaissance Technologies LLC grew its position in Excelerate Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock valued at $10,836,000 after purchasing an additional 44,400 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Excelerate Energy by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company's stock valued at $7,898,000 after purchasing an additional 25,649 shares in the last quarter. Wellington Management Group LLP purchased a new position in Excelerate Energy during the fourth quarter valued at approximately $5,921,000. Finally, Raymond James Financial Inc. purchased a new position in Excelerate Energy during the fourth quarter valued at approximately $5,510,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Stock Up 1.7%

EE stock traded up $0.48 during trading hours on Friday, hitting $28.96. The company's stock had a trading volume of 272,250 shares, compared to its average volume of 288,044. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization 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. Excelerate Energy, Inc. has a 12 month low of $16.70 and a 12 month high of $32.99. The stock has a 50 day moving average price of $27.37 and a two-hundred day moving average price of $28.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. The company 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 firm's quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts expect that Excelerate Energy, Inc. will post 1.16 earnings per share for the current year.

Excelerate Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

EE has been the topic of a number of research analyst reports. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays boosted their price objective 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 set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Wall Street Zen downgraded shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.17.

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.