Russell Investments Group Ltd. Has $9.04 Million Position in Excelerate Energy, Inc. (NYSE:EE)

Russell Investments Group Ltd. reduced its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,828 shares of the company's stock after selling 45,637 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.28% of Excelerate Energy worth $9,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC acquired a new stake in Excelerate Energy in the fourth quarter worth $13,854,000. Wellington Management Group LLP acquired a new stake in Excelerate Energy in the fourth quarter worth approximately $5,921,000. Raymond James Financial Inc. bought a new position in Excelerate Energy during the fourth quarter valued at about $5,510,000. JPMorgan Chase & Co. raised its position in Excelerate Energy by 113.2% in the fourth quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company's stock worth $3,228,000 after acquiring an additional 56,661 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Excelerate Energy in the 4th quarter valued at about $1,622,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Excelerate Energy Stock Up 1.0 %

Shares of NYSE EE traded up $0.26 during trading hours on Wednesday, hitting $26.65. The stock had a trading volume of 193,811 shares, compared to its average volume of 266,393. The company has a market capitalization of $2.82 billion, a P/E ratio of 26.92, a P/E/G ratio of 5.82 and a beta of 1.37. The firm's 50-day moving average price is $28.37 and its two-hundred day moving average price is $28.24. 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 52 week low of $14.98 and a 52 week 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.90%. Excelerate Energy's dividend payout ratio is currently 19.20%.

Excelerate Energy 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.