Public Employees Retirement System of Ohio Purchases 23,281 Shares of Excelerate Energy, Inc. (NYSE:EE)

Public Employees Retirement System of Ohio increased its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 154.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,365 shares of the company's stock after purchasing an additional 23,281 shares during the period. Public Employees Retirement System of Ohio's holdings in Excelerate Energy were worth $1,161,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Summit Investment Advisors Inc. grew 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 period. Sterling Capital Management LLC grew its stake in Excelerate Energy by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock valued at $518,000 after acquiring an additional 494 shares during the period. SG Americas Securities LLC grew its stake in Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after acquiring an additional 845 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Excelerate Energy in the fourth quarter valued at approximately $27,000. Finally, Jaffetilchin Investment Partners LLC grew its stake in Excelerate Energy by 14.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock valued at $245,000 after acquiring an additional 1,007 shares during the period. Institutional investors and hedge funds own 21.79% of the company's stock.

Wall Street Analysts Forecast Growth

EE has been the topic of several analyst reports. Wall Street Zen cut Excelerate Energy from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on Excelerate Energy in a research report on Thursday. They set a "buy" rating and a $39.00 target price on the stock. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays lifted their target price 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 reaffirmed an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Excelerate Energy currently has an average rating of "Hold" and an average target price of $32.29.

Excelerate Energy Stock Performance

EE stock traded up $0.62 during midday trading on Friday, hitting $31.59. The company's stock had a trading volume of 307,495 shares, compared to its average volume of 290,358. The stock's 50-day moving average price is $27.39 and its 200 day moving average price is $29.14. 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, Inc. has a 1 year low of $16.75 and a 1 year high of $32.99. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 5.82 and a beta of 1.41.

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 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 for the quarter, compared to analysts' expectations of $207.87 million. The company's quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 annualized dividend and a yield of 0.76%. Excelerate Energy's dividend payout ratio is currently 16.33%.

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.