Ritholtz Wealth Management Boosts Holdings in Excelerate Energy, Inc. (NYSE:EE)

Ritholtz Wealth Management increased its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 55.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,752 shares of the company's stock after acquiring an additional 10,574 shares during the period. Ritholtz Wealth Management's holdings in Excelerate Energy were worth $853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC bought a new stake in Excelerate Energy in the 4th quarter worth about $13,854,000. Wellington Management Group LLP bought a new stake in Excelerate Energy in the 4th quarter worth about $5,921,000. Raymond James Financial Inc. bought a new stake in Excelerate Energy in the 4th quarter worth about $5,510,000. Jacobs Levy Equity Management Inc. grew its position in Excelerate Energy by 94.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company's stock worth $10,591,000 after purchasing an additional 169,924 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Excelerate Energy in the 4th quarter worth about $2,872,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Stock Performance

EE traded down $0.25 on Friday, hitting $29.28. The company's stock had a trading volume of 455,935 shares, compared to its average volume of 295,843. The company's 50 day simple moving average is $28.35 and its 200-day simple moving average is $29.13. The firm has a market cap of $3.34 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.00 and a beta of 1.41. Excelerate Energy, Inc. has a 12 month low of $17.45 and a 12 month high of $32.99. The company has a quick ratio of 3.34, a current ratio of 3.34 and a debt-to-equity ratio of 0.31.

Excelerate Energy (NYSE:EE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. Excelerate Energy had a net margin of 3.93% and a return on equity of 2.20%. The company had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. The firm'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 year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy's dividend payout ratio is presently 16.33%.

Analysts Set New Price Targets

EE has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a research report on Thursday, June 5th. They issued a "buy" rating and a $39.00 price objective for the company. Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Wall Street Zen raised shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, Barclays increased their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $32.29.

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.