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

Tortoise Capital Advisors L.L.C. decreased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 756,120 shares of the company’s stock after selling 37,069 shares during the quarter. Tortoise Capital Advisors L.L.C. owned 0.71% of Excelerate Energy worth $22,873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TimesSquare Capital Management LLC purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $13,854,000. Renaissance Technologies LLC raised its stake in Excelerate Energy by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock valued at $10,836,000 after buying an additional 44,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Excelerate Energy by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 261,110 shares of the company’s stock worth $7,898,000 after buying an additional 25,649 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Excelerate Energy in the fourth quarter worth $5,921,000. Finally, Raymond James Financial Inc. purchased a new stake in Excelerate Energy during the fourth quarter valued at $5,510,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of NYSE EE opened at $26.50 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 1 year low of $16.15 and a 1 year high of $32.99. The firm has a fifty day moving average price of $28.13 and a 200-day moving average price of $28.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.91%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays boosted their target price 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. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Stephens restated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, Morgan Stanley reiterated 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. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.17.

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.