Jefferies Financial Group Inc. Makes New $275,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

Jefferies Financial Group Inc. acquired a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,100 shares of the company's stock, valued at approximately $275,000.

Several other institutional investors also recently modified their holdings of EE. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the fourth quarter worth about $27,000. Aquatic Capital Management LLC bought a new stake in shares of Excelerate Energy during the 4th quarter valued at about $33,000. Summit Investment Advisors Inc. lifted its position in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Excelerate Energy in the fourth quarter valued at $174,000. Finally, Mariner LLC bought a new position in shares of Excelerate Energy during the 4th quarter valued at about $200,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Stock Performance

NYSE:EE traded up $0.48 during trading hours on Friday, reaching $28.96. The company had a trading volume of 272,250 shares, compared to its average volume of 288,044. The firm's 50 day moving average price is $27.37 and its 200-day moving average price is $28.99. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 5.82 and a beta of 1.39. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 52 week low of $16.70 and a 52 week high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $315.09 million for 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 company's revenue was up 14.8% on a year-over-year basis. On average, analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

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

Analysts Set New Price Targets

EE has been the subject of a number of recent research reports. Morgan Stanley restated an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Wall Street Zen lowered shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday. Barclays raised their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Three research 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.17.

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.