Wellington Management Group LLP Takes Position in Excelerate Energy, Inc. (NYSE:EE)

Wellington Management Group LLP acquired a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 195,727 shares of the company's stock, valued at approximately $5,921,000. Wellington Management Group LLP owned 0.18% of Excelerate Energy at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EE. SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at $27,000. Quarry LP grew its position in shares of 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 buying an additional 409 shares during the period. Pictet Asset Management Holding SA acquired a new position in Excelerate Energy in the fourth quarter valued at approximately $174,000. Janus Henderson Group PLC acquired a new stake in Excelerate Energy during the 3rd quarter worth $200,000. Finally, Cable Hill Partners LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $202,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EE. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays raised their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens reiterated an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. 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, the company presently has an average rating of "Hold" and a consensus target price of $31.17.

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Excelerate Energy Stock Performance

EE traded up $0.36 during trading on Wednesday, hitting $26.75. The stock had a trading volume of 19,829 shares, compared to its average volume of 265,507. 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 company has a 50 day moving average price of $28.37 and a 200-day moving average price of $28.24. Excelerate Energy, Inc. has a one year low of $14.98 and a one year high of $32.99. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

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