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

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

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in shares of Excelerate Energy by 1.5% in the 1st quarter. Rhumbline Advisers now owns 31,903 shares of the company's stock valued at $915,000 after purchasing an additional 471 shares during the period. Summit Global Investments grew its stake in Excelerate Energy by 53.5% in the first quarter. Summit Global Investments now owns 18,994 shares of the company's stock worth $545,000 after purchasing an additional 6,620 shares during the period. GAMMA Investing LLC raised its holdings in Excelerate Energy by 4,503.2% in the first quarter. GAMMA Investing LLC now owns 12,935 shares of the company's stock worth $371,000 after purchasing an additional 12,654 shares in the last quarter. Wellington Management Group LLP bought a new position in Excelerate Energy in the fourth quarter worth $5,921,000. Finally, Jefferies Financial Group Inc. purchased a new position in Excelerate Energy during the fourth quarter valued at $275,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Down 1.1%

Shares of NYSE EE traded down $0.32 during midday trading on Wednesday, hitting $29.51. The stock had a trading volume of 290,918 shares, compared to its average volume of 294,156. The business's 50 day moving average is $28.14 and its 200-day moving average is $29.15. Excelerate Energy, Inc. has a 52 week low of $17.13 and a 52 week 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. The company has a market cap of $3.36 billion, a P/E ratio of 20.07, a PEG ratio of 1.05 and a beta of 1.41.

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 (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The business 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 2.20% and a net margin of 3.93%. Excelerate Energy's revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were issued 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 0.81%. Excelerate Energy's payout ratio is 16.33%.

Wall Street Analyst Weigh In

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

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.