O Shaughnessy Asset Management LLC Takes $842,000 Position in Excelerate Energy, Inc. (NYSE:EE)

O Shaughnessy Asset Management LLC bought a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,842 shares of the company's stock, valued at approximately $842,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after buying an additional 409 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after purchasing an additional 845 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at about $27,000. American Century Companies Inc. grew its position in shares of Excelerate Energy by 7.2% in the fourth quarter. American Century Companies Inc. now owns 32,190 shares of the company's stock valued at $974,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in shares of Excelerate Energy by 15.7% during the 4th quarter. Bailard Inc. now owns 22,100 shares of the company's stock worth $669,000 after acquiring an additional 3,000 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays upped 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. Stephens reaffirmed an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Finally, Morgan Stanley reissued an "underweight" rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $31.17.

Remove Ads

Excelerate Energy Stock Performance

NYSE EE traded up $0.59 during trading hours on Friday, hitting $26.03. The company's stock had a trading volume of 462,100 shares, compared to its average volume of 263,779. Excelerate Energy, Inc. has a 12 month low of $14.98 and a 12 month high of $32.99. The company's 50 day simple moving average is $28.53 and its two-hundred day simple moving average is $28.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market cap of $2.76 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 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.