Tortoise Capital Advisors L.L.C. Cuts Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Tortoise Capital Advisors L.L.C. lessened its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 756,120 shares of the company's stock after selling 37,069 shares during the quarter. 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.

Several other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Excelerate Energy by 580.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company's stock valued at $332,000 after purchasing an additional 12,868 shares during the period. Barclays PLC boosted its position in shares of Excelerate Energy by 299.8% during the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock worth $591,000 after purchasing an additional 20,113 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after purchasing an additional 12,802 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at about $342,000. Finally, Ritholtz Wealth Management bought a new stake in Excelerate Energy in the 4th quarter valued at about $580,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

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

Excelerate Energy Stock Up 2.1 %

EE traded up $0.54 during mid-day trading on Thursday, reaching $26.55. 272,220 shares of the stock were exchanged, compared to its average volume of 270,795. The company has a 50 day moving average price of $27.92 and a two-hundred day moving average price of $28.34. The stock has a market capitalization of $2.81 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy, Inc. has a 1 year low of $16.39 and a 1 year high of $32.99.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's payout ratio is 19.20%.

Excelerate Energy 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.