Tortoise Capital Advisors L.L.C. Sells 37,069 Shares of Excelerate Energy, Inc. (NYSE:EE)

Tortoise Capital Advisors L.L.C. lessened its holdings in Excelerate Energy, Inc. (NYSE:EE) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 756,120 shares of the company’s stock after selling 37,069 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Excelerate Energy were worth $22,873,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EE. Intech Investment Management LLC purchased a new position in shares of Excelerate Energy in the 4th quarter worth approximately $220,000. JPMorgan Chase & Co. lifted its holdings in shares of Excelerate Energy by 34.4% in the 3rd 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. Ritholtz Wealth Management purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $580,000. Principal Financial Group Inc. bought a new position in Excelerate Energy during the 4th quarter valued at about $283,000. Finally, Proficio Capital Partners LLC purchased a new stake in Excelerate Energy in the 4th quarter worth about $403,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

EE stock opened at $26.50 on Friday. Excelerate Energy, Inc. has a 1-year low of $16.15 and a 1-year high of $32.99. The business has a 50-day moving average price of $28.13 and a 200 day moving average price of $28.32. The company has a market capitalization of $2.81 billion, a P/E ratio of 26.76, a PEG ratio of 5.82 and a beta of 1.37. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Excelerate Energy’s dividend payout ratio is presently 19.20%.

Wall Street Analyst Weigh In

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

Excelerate Energy 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.