Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC decreased its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 10.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the company's stock after selling 10,000 shares during the quarter. Viking Fund Management LLC owned 0.08% of Excelerate Energy worth $2,581,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EE. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy during the 4th quarter worth about $27,000. Aquatic Capital Management LLC acquired a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $33,000. Summit Investment Advisors Inc. raised its holdings in shares of Excelerate Energy by 28.8% during 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 last quarter. 10Elms LLP acquired a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $76,000. Finally, Pictet Asset Management Holding SA acquired a new position in Excelerate Energy in the 4th quarter valued at $174,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays increased their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wall Street Zen upgraded shares of Excelerate Energy from a "hold" rating to a "buy" rating in a research report on Friday. 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. Jefferies Financial Group began coverage on shares of Excelerate Energy in a report on Thursday. They issued a "buy" rating and a $39.00 price objective for the company. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy has an average rating of "Hold" and an average price target of $32.29.

Excelerate Energy Trading Up 2.0%

Excelerate Energy stock traded up $0.62 during midday trading on Friday, hitting $31.59. 307,495 shares of the stock were exchanged, compared to its average volume of 290,358. The stock's 50-day simple moving average is $27.39 and its 200 day simple moving average is $29.14. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 5.82 and a beta of 1.41. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $32.99.

Excelerate Energy (NYSE:EE - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $315.09 million during the quarter, compared to the consensus estimate of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities analysts anticipate 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. Investors of record on Wednesday, May 21st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 21st. Excelerate Energy's payout ratio is 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.