Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lowered its position in Excelerate Energy, Inc. (NYSE:EE) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,000 shares of the company’s stock after selling 25,000 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Excelerate Energy were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in shares of Excelerate Energy in the 4th quarter valued at $220,000. JPMorgan Chase & Co. boosted its holdings in Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in Excelerate Energy during the 4th quarter worth about $580,000. Principal Financial Group Inc. purchased a new position in shares of Excelerate Energy during the 4th quarter valued at about $283,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Excelerate Energy in the 4th quarter valued at about $403,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Wall Street Analysts Forecast Growth

EE has been the subject of several recent research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays increased their price target 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. Stephens reaffirmed an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $26.79 on Wednesday. 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 firm has a fifty day moving average of $27.70 and a 200 day moving average of $28.49. The firm has a market cap of $2.84 billion, a PE ratio of 27.06, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a one year low of $16.70 and a one year high of $32.99.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. Excelerate Energy’s dividend payout ratio is currently 19.20%.

Excelerate Energy Company 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.