TimesSquare Capital Management LLC acquired a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 457,998 shares of the company's stock, valued at approximately $13,854,000. TimesSquare Capital Management LLC owned 0.43% of Excelerate Energy at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Excelerate Energy in the 3rd quarter worth approximately $4,385,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Excelerate Energy by 40.6% in the 3rd 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 raised its holdings in shares of Excelerate Energy by 13.7% in the 3rd 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. JPMorgan Chase & Co. raised 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 buying an additional 12,802 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in shares of Excelerate Energy by 85.5% in the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company's stock worth $1,034,000 after buying an additional 21,645 shares in the last quarter. Institutional investors own 21.79% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on EE. Morgan Stanley reissued an "underweight" rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays raised their price target on Excelerate Energy from $26.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Stephens increased their price objective on Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Northland Securities increased their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.00.
Get Our Latest Research Report on EE
Excelerate Energy Trading Down 3.9 %
Shares of NYSE:EE traded down $1.16 during midday trading on Friday, hitting $28.29. The company had a trading volume of 242,207 shares, compared to its average volume of 169,489. Excelerate Energy, Inc. has a 12 month low of $13.39 and a 12 month high of $32.99. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 5.82 and a beta of 1.41. The firm has a fifty day simple moving average of $30.38 and a 200 day simple moving average of $25.92.
Excelerate Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.85%. Excelerate Energy's dividend payout ratio is presently 24.24%.
About Excelerate Energy
(
Free Report)
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.
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