Geode Capital Management LLC Sells 10,125 Shares of Excelerate Energy, Inc. (NYSE:EE)

Geode Capital Management LLC trimmed its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,487 shares of the company's stock after selling 10,125 shares during the period. Geode Capital Management LLC owned about 0.37% of Excelerate Energy worth $11,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EE. TimesSquare Capital Management LLC acquired a new stake in Excelerate Energy during the fourth quarter worth $13,854,000. Wellington Management Group LLP bought a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $5,921,000. Raymond James Financial Inc. bought a new stake in shares of Excelerate Energy during the fourth quarter worth $5,510,000. JPMorgan Chase & Co. increased its position in Excelerate Energy by 113.2% in the 4th quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company's stock valued at $3,228,000 after acquiring an additional 56,661 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Excelerate Energy in the 4th quarter worth approximately $1,622,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Stephens reiterated an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Morgan Stanley restated an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, 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. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Trading Up 2.1 %

Shares of NYSE EE traded up $0.54 during midday trading on Thursday, reaching $26.55. 272,220 shares of the stock were exchanged, compared to its average volume of 270,795. Excelerate Energy, Inc. has a 12 month low of $16.39 and a 12 month high of $32.99. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.81, a P/E/G ratio of 5.82 and a beta of 1.37. 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 business has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $28.34.

Excelerate Energy Dividend Announcement

The firm also recently disclosed 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 0.90%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.

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.