53,687 Shares in Excelerate Energy, Inc. (NYSE:EE) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 53,687 shares of the company's stock, valued at approximately $1,622,000. Harvest Fund Management Co. Ltd owned approximately 0.05% of Excelerate Energy as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Excelerate Energy during the fourth quarter worth about $27,000. Quarry LP grew its holdings in shares of Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company's stock valued at $40,000 after purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP acquired a new position in Excelerate Energy during the 3rd quarter worth approximately $94,000. Janus Henderson Group PLC bought a new position in Excelerate Energy in the 3rd quarter valued at approximately $200,000. Finally, Cable Hill Partners LLC bought a new position in Excelerate Energy in the 4th quarter valued at approximately $202,000. 21.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EE has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Barclays upped 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. Morgan Stanley reissued an "underweight" rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Northland Securities boosted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Finally, Stephens reaffirmed an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.17.

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Excelerate Energy Trading Up 5.4 %

NYSE EE traded up $1.58 during mid-day trading on Monday, reaching $30.75. 243,209 shares of the stock were exchanged, compared to its average volume of 213,336. The stock has a market cap of $3.26 billion, a P/E ratio of 31.06, a P/E/G ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy, Inc. has a one year low of $14.94 and a one year high of $32.99. The stock has a 50 day simple moving average of $29.83 and a 200-day simple moving average of $27.39.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. 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.