Counterpoint Mutual Funds LLC Invests $473,000 in Excelerate Energy, Inc. (NYSE:EE)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,642 shares of the company's stock, valued at approximately $473,000.

A number of other large investors have also added to or reduced their stakes in EE. Quarry LP grew its position in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company's stock worth $40,000 after acquiring an additional 409 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Excelerate Energy by 11.6% during the 4th 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. purchased a new stake in Excelerate Energy during the 4th quarter valued at $27,000. Bailard Inc. lifted its position in Excelerate Energy by 15.7% in the fourth quarter. Bailard Inc. now owns 22,100 shares of the company's stock worth $669,000 after buying an additional 3,000 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in Excelerate Energy by 27.8% during the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company's stock worth $390,000 after buying an additional 3,855 shares during the period. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Down 0.3 %

NYSE EE traded down $0.09 on Friday, reaching $29.13. 325,511 shares of the stock traded hands, compared to its average volume of 223,208. Excelerate Energy, Inc. has a 12 month low of $14.94 and a 12 month high of $32.99. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 5.82 and a beta of 1.39. The company has a fifty day moving average price of $29.84 and a 200-day moving average price of $27.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

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Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Excelerate Energy's dividend payout ratio is currently 19.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EE shares. Stephens reaffirmed an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays boosted their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Northland Securities raised their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. 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. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $31.00 target price (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 and three have given a buy rating to the company. According to data from MarketBeat, Excelerate Energy currently has an average rating of "Hold" and a consensus target price of $31.17.

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.