Northern Trust Corp Increases Holdings in Excelerate Energy, Inc. (NYSE:EE)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its holdings in shares of Excelerate Energy by 105.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 171,618 shares of the company's stock worth $5,191,000 after purchasing an additional 88,042 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth about $33,000. Susquehanna Fundamental Investments LLC bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $2,872,000. Dark Forest Capital Management LP bought a new stake in Excelerate Energy in the fourth quarter valued at approximately $579,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Excelerate Energy by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company's stock valued at $7,898,000 after acquiring an additional 25,649 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on EE shares. Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Wall Street Zen cut Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays increased their price target on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.17.

Excelerate Energy Stock Up 1.0%

NYSE EE traded up $0.28 on Tuesday, reaching $29.21. The company had a trading volume of 258,507 shares, compared to its average volume of 288,323. The stock has a market capitalization of $3.33 billion, a P/E ratio of 29.51, a P/E/G ratio of 5.82 and a beta of 1.39. The company's fifty day moving average is $27.37 and its 200 day moving average is $29.06. Excelerate Energy, Inc. has a 52-week low of $16.70 and a 52-week high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

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 business had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. Excelerate Energy's revenue was up 14.8% compared to the same quarter last year. Sell-side analysts anticipate that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's payout ratio is currently 16.33%.

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.