Jackson Creek Investment Advisors LLC Buys Shares of 48,808 Excelerate Energy, Inc. (NYSE:EE)

Jackson Creek Investment Advisors LLC acquired a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,808 shares of the company's stock, valued at approximately $1,400,000.

Other hedge funds have also recently made changes to their positions in the company. Aquatic Capital Management LLC purchased a new position in shares of Excelerate Energy in the 4th quarter worth approximately $33,000. New York State Teachers Retirement System increased its holdings in shares of Excelerate Energy by 1,467.0% in the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after purchasing an additional 1,467 shares during the period. Summit Investment Advisors Inc. increased its stake in 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 acquiring an additional 400 shares during the last quarter. 10Elms LLP bought a new position in Excelerate Energy in the fourth quarter valued at $76,000. Finally, Pictet Asset Management Holding SA purchased a new stake in Excelerate Energy during the fourth quarter valued at about $174,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Down 4.7%

Shares of EE traded down $1.26 during mid-day trading on Monday, hitting $25.37. The company had a trading volume of 441,824 shares, compared to its average volume of 316,124. The business's 50-day simple moving average is $29.02 and its 200-day simple moving average is $28.77. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31. Excelerate Energy, Inc. has a 1-year low of $17.54 and a 1-year high of $32.99. The stock has a market cap of $2.89 billion, a PE ratio of 17.26, a P/E/G ratio of 0.93 and a beta of 1.40.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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 net margin of 3.93% and a return on equity of 2.20%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side 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 was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were issued a $0.06 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.95%. Excelerate Energy's dividend payout ratio is currently 16.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EE shares. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research note on Thursday, June 5th. They set a "buy" rating and a $39.00 target price on the stock. Finally, Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.29.

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.