Millennium Management LLC Has $9.91 Million Holdings in Excelerate Energy, Inc. (NYSE:EE)

Millennium Management LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 327,534 shares of the company's stock after purchasing an additional 35,199 shares during the period. Millennium Management LLC owned 0.31% of Excelerate Energy worth $9,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EE. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at about $27,000. Aquatic Capital Management LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at about $33,000. Summit Investment Advisors Inc. grew its stake in shares of 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 in the last quarter. Pictet Asset Management Holding SA bought a new stake in Excelerate Energy during the fourth quarter worth about $174,000. Finally, Mariner LLC bought a new stake in Excelerate Energy during the fourth quarter worth about $200,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock 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 previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Stephens reissued an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three equities 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Price Performance

Shares of EE stock traded up $0.07 on Thursday, reaching $28.90. The company had a trading volume of 21,482 shares, compared to its average volume of 377,591. The business's 50-day moving average is $27.37 and its 200 day moving average is $29.06. The stock has a market capitalization of $3.30 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a one year low of $16.70 and a one year 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share (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 net margin of 3.14% and a return on equity of 1.39%. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Equities research analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Announces Dividend

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