Lazard Asset Management LLC Has $712,000 Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Lazard Asset Management LLC boosted its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 489.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,572 shares of the company's stock after acquiring an additional 19,575 shares during the period. Lazard Asset Management LLC's holdings in Excelerate Energy were worth $712,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its position in shares of Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after purchasing an additional 400 shares during the period. Sterling Capital Management LLC increased its stake in Excelerate Energy by 3.0% during the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock valued at $518,000 after purchasing an additional 494 shares in the last quarter. SG Americas Securities LLC raised its holdings in Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after buying an additional 845 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Excelerate Energy in the fourth quarter valued at $27,000. Finally, Jaffetilchin Investment Partners LLC grew its holdings in shares of Excelerate Energy by 14.2% during the fourth 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 last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $29.42 on Wednesday. The business's fifty day simple moving average is $27.34 and its 200 day simple moving average is $28.92. 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 12 month low of $16.70 and a 12 month high of $32.99. The firm has a market capitalization of $3.12 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39.

Excelerate Energy (NYSE:EE - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.49 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 analysts' expectations of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm's revenue was up 14.8% compared to the same quarter last year. As a group, analysts anticipate that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EE shares. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Morgan Stanley restated an "underweight" rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays upped 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, Stephens restated an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.

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