Tudor Investment Corp ET AL Boosts Position in Excelerate Energy, Inc. (NYSE:EE)

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

Several other large investors have also made changes to their positions in EE. Barclays PLC lifted its holdings in Excelerate Energy by 299.8% in the third quarter. Barclays PLC now owns 26,822 shares of the company's stock valued at $591,000 after acquiring an additional 20,113 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock valued at $1,102,000 after purchasing an additional 12,802 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Excelerate Energy during the fourth quarter worth $342,000. Ritholtz Wealth Management acquired a new stake in Excelerate Energy during the fourth quarter valued at $580,000. Finally, SG Americas Securities LLC increased its holdings in Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after buying an additional 845 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Price Performance

Shares of NYSE EE traded up $0.14 during mid-day trading on Friday, reaching $25.70. The company's stock had a trading volume of 444,969 shares, compared to its average volume of 275,972. The stock has a 50-day moving average of $27.55 and a two-hundred day moving average of $28.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The stock has a market capitalization of $2.72 billion, a P/E ratio of 25.96, a P/E/G ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year high of $32.99.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is 19.20%.

Analyst Upgrades and Downgrades

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

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.