Nuveen Asset Management LLC Trims Stake in Excelerate Energy, Inc. (NYSE:EE)

Nuveen Asset Management LLC decreased its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 41.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,523 shares of the company's stock after selling 181,512 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Excelerate Energy worth $7,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also 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 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares in the last quarter. Sterling Capital Management LLC raised its position in Excelerate Energy by 3.0% during the fourth 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 lifted its stake 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 purchasing an additional 845 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy in the 4th quarter worth about $27,000. Finally, Jaffetilchin Investment Partners LLC increased its position in shares of Excelerate Energy by 14.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock valued at $245,000 after purchasing an additional 1,007 shares during the last quarter. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on EE shares. Barclays boosted their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Wall Street Zen lowered shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Stephens reiterated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $31.17.

Excelerate Energy Trading Up 3.5%

Excelerate Energy stock traded up $1.00 during trading hours on Tuesday, reaching $29.82. The stock had a trading volume of 336,788 shares, compared to its average volume of 287,910. The company has a fifty day simple moving average of $27.21 and a 200-day simple moving average of $29.10. Excelerate Energy, Inc. has a 52 week low of $16.75 and a 52 week high of $32.99. The stock has a market cap of $3.40 billion, a PE ratio of 30.12, a PEG ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $315.09 million during the quarter, compared to analysts' expectations of $207.87 million. The business's revenue for the quarter was up 14.8% on a year-over-year basis. Analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current fiscal year.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's payout ratio is currently 16.33%.

Excelerate Energy 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.