Wellington Management Group LLP Purchases New Shares in Excelerate Energy, Inc. (NYSE:EE)

Wellington Management Group LLP bought a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 195,727 shares of the company's stock, valued at approximately $5,921,000. Wellington Management Group LLP owned about 0.18% of Excelerate Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EE. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the 4th quarter worth $27,000. Aquatic Capital Management LLC bought a new position in Excelerate Energy during the 4th quarter worth $33,000. Summit Investment Advisors Inc. increased its position in Excelerate Energy by 28.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after buying an additional 400 shares during the period. 10Elms LLP bought a new position in Excelerate Energy during the 4th quarter worth $76,000. Finally, Pictet Asset Management Holding SA bought a new position in Excelerate Energy during the 4th quarter worth $174,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Price Performance

Shares of EE stock traded up $0.62 during trading hours on Friday, reaching $31.59. The stock had a trading volume of 307,495 shares, compared to its average volume of 290,668. The stock's fifty day simple moving average is $27.39 and its 200 day simple moving average is $29.14. 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 12 month low of $16.75 and a 12 month high of $32.99. The firm has a market capitalization of $3.60 billion, a PE ratio of 31.91, a PEG ratio of 5.82 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 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. The company had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays upped their price objective on shares of 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. Jefferies Financial Group began coverage on shares of Excelerate Energy in a research report on Thursday. They set a "buy" rating and a $39.00 target price on the stock. Finally, Stephens reiterated an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.