Tudor Investment Corp ET AL Acquires 88,042 Shares of Excelerate Energy, Inc. (NYSE:EE)

Tudor Investment Corp ET AL boosted its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 105.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,618 shares of the company's stock after buying an additional 88,042 shares during the period. Tudor Investment Corp ET AL owned approximately 0.16% of Excelerate Energy worth $5,191,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $27,000. Aquatic Capital Management LLC bought a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $33,000. Summit Investment Advisors Inc. increased its stake in shares of 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 purchasing an additional 400 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in Excelerate Energy in the 4th quarter valued at $174,000. Finally, Mariner LLC acquired a new stake in Excelerate Energy during the 4th quarter worth approximately $200,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EE shares. Barclays lifted their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Morgan Stanley restated an "underweight" rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.17.

Excelerate Energy Price Performance

Shares of EE traded down $0.11 during trading hours on Tuesday, reaching $25.66. 38,879 shares of the company's stock traded hands, compared to its average volume of 275,234. The firm's 50 day simple moving average is $27.51 and its 200-day simple moving average is $28.59. The stock has a market cap of $2.72 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. 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 $16.70 and a 12 month high of $32.99.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders 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 dividend on an annualized basis and a yield of 0.94%. Excelerate Energy's payout ratio is 19.20%.

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.