Renaissance Technologies LLC Has $10.84 Million Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Renaissance Technologies LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,219 shares of the company's stock after acquiring an additional 44,400 shares during the period. Renaissance Technologies LLC owned approximately 0.34% of Excelerate Energy worth $10,836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EE. Intech Investment Management LLC acquired a new position in Excelerate Energy in the fourth quarter valued at about $220,000. JPMorgan Chase & Co. increased its holdings in Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock valued at $1,102,000 after buying an additional 12,802 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Excelerate Energy in the 4th quarter valued at approximately $580,000. Principal Financial Group Inc. bought a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $283,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $403,000. 21.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EE. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Morgan Stanley reissued an "underweight" rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays raised their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Stephens reissued an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.17.

Excelerate Energy Trading Down 1.3 %

NYSE EE traded down $0.35 during trading hours on Tuesday, reaching $25.85. The company's stock had a trading volume of 367,457 shares, compared to its average volume of 270,204. Excelerate Energy, Inc. has a 52 week low of $16.39 and a 52 week high of $32.99. 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 stock has a market cap of $2.74 billion, a P/E ratio of 26.11, a P/E/G ratio of 5.82 and a beta of 1.37. The firm has a fifty day simple moving average of $27.98 and a 200-day simple moving average of $28.36.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.93%. Excelerate Energy's payout ratio 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.