JPMorgan Chase & Co. Increases Holdings in Excelerate Energy, Inc. (NYSE:EE)

JPMorgan Chase & Co. raised its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 113.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 106,707 shares of the company's stock after purchasing an additional 56,661 shares during the period. JPMorgan Chase & Co. owned 0.10% of Excelerate Energy worth $3,228,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Excelerate Energy during the fourth quarter worth about $27,000. Cable Hill Partners LLC purchased a new position in Excelerate Energy during the fourth quarter worth about $202,000. KLP Kapitalforvaltning AS bought a new position in shares of Excelerate Energy in the 4th quarter worth $212,000. Intech Investment Management LLC bought a new stake in Excelerate Energy during the fourth quarter worth about $220,000. Finally, SG Americas Securities LLC boosted its stake in Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after buying an additional 845 shares in the last quarter. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Up 2.1 %

Shares of NYSE:EE traded up $0.54 during trading on Thursday, hitting $26.55. The company's stock had a trading volume of 272,220 shares, compared to its average volume of 270,795. The company has a market capitalization of $2.81 billion, a PE ratio of 26.81, a P/E/G 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 fifty-two week low of $16.39 and a fifty-two week high of $32.99. The business has a 50 day moving average price of $27.92 and a two-hundred day moving average price of $28.34.

Excelerate Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.90%. Excelerate Energy's payout ratio is 19.20%.

Analysts Set New Price Targets

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

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.