First Trust Advisors LP Sells 4,613 Shares of Excelerate Energy, Inc. (NYSE:EE)

First Trust Advisors LP decreased its holdings in Excelerate Energy, Inc. (NYSE:EE) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,205 shares of the company’s stock after selling 4,613 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Excelerate Energy worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EE. Intech Investment Management LLC bought a new stake in shares of Excelerate Energy in the 4th quarter valued at $220,000. JPMorgan Chase & Co. lifted 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 buying an additional 12,802 shares during the period. Ritholtz Wealth Management bought a new stake in Excelerate Energy during the fourth quarter valued at $580,000. Principal Financial Group Inc. acquired a new stake in Excelerate Energy during the 4th quarter worth about $283,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Excelerate Energy in the 4th quarter worth about $403,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Excelerate Energy Trading Down 0.7 %

Shares of EE stock opened at $25.58 on Wednesday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.71 billion, a P/E ratio of 25.84, a PEG ratio of 5.82 and a beta of 1.39. The company has a 50 day moving average of $27.43 and a 200-day moving average of $28.57. Excelerate Energy, Inc. has a 12-month low of $16.70 and a 12-month high of $32.99.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.94%. Excelerate Energy’s payout ratio 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.