Jacobs Levy Equity Management Inc. Has $10.59 Million Position in Excelerate Energy, Inc. (NYSE:EE)

Jacobs Levy Equity Management Inc. boosted its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 94.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,128 shares of the company's stock after buying an additional 169,924 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.33% of Excelerate Energy worth $10,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its stake in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after acquiring an additional 400 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Excelerate Energy by 3.0% in the 4th quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock worth $518,000 after purchasing an additional 494 shares during the last quarter. SG Americas Securities LLC boosted its position in Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after purchasing an additional 845 shares during the period. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the 4th quarter worth $27,000. Finally, Jaffetilchin Investment Partners LLC increased its position in Excelerate Energy by 14.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock worth $245,000 after buying an additional 1,007 shares during the period. 21.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on EE shares. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Stephens restated an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays raised their price target 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. Finally, Morgan Stanley reiterated an "underweight" rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, Excelerate Energy has an average rating of "Hold" and an average price target of $31.17.

Excelerate Energy Price Performance

Excelerate Energy stock traded down $0.45 during trading hours on Friday, hitting $28.80. 429,568 shares of the company traded hands, compared to its average volume of 282,994. The firm's 50-day simple moving average is $27.29 and its two-hundred day simple moving average is $28.78. The firm has a market cap of $3.05 billion, a P/E ratio of 29.09, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year high of $32.99. 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 (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $315.09 million during the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm's revenue was up 14.8% on a year-over-year basis. As a group, analysts forecast that Excelerate Energy, Inc. will post 1.16 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.83%. Excelerate Energy's dividend payout ratio (DPR) is 16.33%.

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.