Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,082,298 shares of the company's stock after selling 40,259 shares during the period. Vanguard Group Inc. owned approximately 1.96% of Excelerate Energy worth $62,990,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EE. SBI Securities Co. Ltd. acquired a new stake in Excelerate Energy during the 4th quarter valued at approximately $27,000. Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $202,000. KLP Kapitalforvaltning AS bought a new stake in shares of Excelerate Energy in the fourth quarter worth $212,000. Intech Investment Management LLC acquired a new stake in Excelerate Energy in the fourth quarter valued at $220,000. Finally, SG Americas Securities LLC boosted its stake in 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 acquiring an additional 845 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on EE. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Northland Securities raised their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.17.

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Excelerate Energy Stock Performance

Shares of NYSE:EE traded up $0.33 during trading hours on Wednesday, hitting $26.72. The stock had a trading volume of 105,932 shares, compared to its average volume of 380,428. The stock's fifty day simple moving average is $28.37 and its 200 day simple moving average is $28.24. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 5.82 and a beta of 1.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy, Inc. has a 1-year low of $15.25 and a 1-year high of $32.99.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is 19.20%.

About Excelerate Energy

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.