Tortoise Capital Advisors L.L.C. Has $22.87 Million Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Tortoise Capital Advisors L.L.C. decreased its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 756,120 shares of the company's stock after selling 37,069 shares during the period. Tortoise Capital Advisors L.L.C. owned approximately 0.71% of Excelerate Energy worth $22,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in shares of Excelerate Energy during the 4th quarter worth approximately $27,000. Summit Investment Advisors Inc. increased its holdings in shares of Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Excelerate Energy in the fourth quarter valued at about $174,000. Mariner LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $200,000. Finally, Cable Hill Partners LLC bought a new stake in shares of Excelerate Energy during the 4th quarter worth about $202,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of NYSE EE traded down $0.08 during mid-day trading on Friday, hitting $26.47. 67,208 shares of the stock traded hands, compared to its average volume of 270,314. The company has a market cap of $2.80 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a twelve month low of $16.69 and a twelve month high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The firm has a 50 day simple moving average of $27.87 and a two-hundred day simple moving average of $28.37.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is currently 19.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley restated an "underweight" rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Stephens reiterated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Finally, Barclays raised their price objective 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 equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Excelerate Energy currently has an average rating of "Hold" and an average target price of $31.17.

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.