Los Angeles Capital Management LLC Has $1.38 Million Stake in Excelerate Energy, Inc. (NYSE:EE)

Los Angeles Capital Management LLC lessened its position in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,645 shares of the company's stock after selling 14,428 shares during the quarter. Los Angeles Capital Management LLC's holdings in Excelerate Energy were worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy in the fourth quarter worth $13,854,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Excelerate Energy in the 3rd quarter valued at $4,385,000. Jacobs Levy Equity Management Inc. grew its position in Excelerate Energy by 40.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock worth $3,966,000 after purchasing an additional 52,007 shares during the last quarter. PDT Partners LLC increased its holdings in shares of Excelerate Energy by 85.5% during the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company's stock worth $1,034,000 after purchasing an additional 21,645 shares during the period. Finally, Barclays PLC raised its position in shares of Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company's stock valued at $591,000 after buying an additional 20,113 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company's stock.

Excelerate Energy Price Performance

Shares of NYSE:EE traded up $0.17 on Tuesday, hitting $30.17. The stock had a trading volume of 195,906 shares, compared to its average volume of 207,367. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm's 50 day moving average price is $30.27 and its 200-day moving average price is $26.44. Excelerate Energy, Inc. has a twelve month low of $14.88 and a twelve month high of $32.99.

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Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. Excelerate Energy's dividend payout ratio is 19.20%.

Analysts Set New Price Targets

A number of research firms recently weighed in 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 report on Friday, January 31st. Northland Securities boosted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Barclays raised their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens restated an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Excelerate Energy has a consensus rating of "Hold" and an average target price of $31.17.

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.