Zacks Investment Management Invests $411,000 in Excelerate Energy, Inc. (NYSE:EE)

Zacks Investment Management bought a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,586 shares of the company's stock, valued at approximately $411,000.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its holdings in 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 worth $332,000 after buying an additional 12,868 shares during the period. Barclays PLC lifted 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 worth $591,000 after buying 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 third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after acquiring an additional 12,802 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Excelerate Energy in the 4th quarter worth $342,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Excelerate Energy in the fourth quarter worth about $580,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Excelerate Energy Price Performance

Shares of EE traded up $0.14 during trading hours on Wednesday, hitting $25.98. 364,670 shares of the stock were exchanged, compared to its average volume of 270,581. The stock's 50-day moving average price is $27.98 and its two-hundred day moving average price is $28.36. Excelerate Energy, Inc. has a 12-month low of $16.39 and a 12-month high of $32.99. 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 company has a market cap of $2.75 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date 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.