19,178 Shares in Excelerate Energy, Inc. (NYSE:EE) Bought by Ritholtz Wealth Management

Ritholtz Wealth Management acquired a new stake in Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,178 shares of the company’s stock, valued at approximately $580,000.

Several other hedge funds also recently made changes to their positions in EE. Contravisory Investment Management Inc. purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at about $342,000. JPMorgan Chase & Co. lifted its stake in Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after buying an additional 12,802 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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. Public Employees Retirement System of Ohio grew its position in shares of Excelerate Energy by 580.7% during the third quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company’s stock worth $332,000 after acquiring an additional 12,868 shares during the last quarter. Finally, Quarry LP grew its position in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Stephens boosted their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley increased their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Barclays increased their target price on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.33.

Excelerate Energy Trading Up 0.9 %

Shares of EE opened at $32.31 on Tuesday. The firm’s 50-day moving average is $30.21 and its two-hundred day moving average is $24.05. Excelerate Energy, Inc. has a twelve month low of $13.38 and a twelve month high of $32.47. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $3.43 billion, a P/E ratio of 32.64, a PEG ratio of 1.81 and a beta of 1.42.

Excelerate Energy (NYSE:EE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. During the same quarter in the prior year, the firm posted $0.40 EPS. On average, research analysts predict that Excelerate Energy, Inc. will post 1.23 earnings per share for the current fiscal year.

Excelerate Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, November 20th. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. Excelerate Energy’s payout ratio is 24.24%.

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.