Proficio Capital Partners LLC Makes New $403,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

Proficio Capital Partners LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,310 shares of the company's stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. TimesSquare Capital Management LLC acquired a new position in shares of Excelerate Energy during the fourth quarter worth $13,854,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Excelerate Energy during the third quarter worth $4,385,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock worth $3,966,000 after buying an additional 52,007 shares in the last quarter. Algert Global LLC increased its holdings in shares of Excelerate Energy by 13.7% during the third quarter. Algert Global LLC now owns 118,093 shares of the company's stock worth $2,599,000 after buying an additional 14,253 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 buying an additional 12,802 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EE has been the topic of several analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Northland Securities boosted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. 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 stock currently has an average rating of "Hold" and a consensus price target of $31.17.

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Excelerate Energy Stock Performance

Shares of NYSE EE traded down $0.03 during mid-day trading on Thursday, reaching $28.35. 419,417 shares of the company's stock were exchanged, compared to its average volume of 212,507. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. The firm has a 50-day moving average price of $30.01 and a two-hundred day moving average price of $26.87. 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, Inc. has a 52 week low of $14.94 and a 52 week high of $32.99.

Excelerate Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. Excelerate Energy's dividend payout ratio is presently 19.20%.

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.