Marshall Wace LLP Sells 107,351 Shares of Excelerate Energy, Inc. (NYSE:EE)

Marshall Wace LLP lowered its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 43.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,022 shares of the company's stock after selling 107,351 shares during the quarter. Marshall Wace LLP owned about 0.13% of Excelerate Energy worth $4,236,000 as of its most recent SEC filing.

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

Excelerate Energy Price Performance

Shares of EE traded up $0.30 during trading hours on Monday, reaching $26.83. The stock had a trading volume of 270,090 shares, compared to its average volume of 271,665. 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 12 month low of $16.70 and a 12 month high of $32.99. The stock has a market capitalization of $2.84 billion, a PE ratio of 27.10, a PEG ratio of 5.82 and a beta of 1.37. The company's 50-day moving average is $27.81 and its two-hundred day moving average is $28.48.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy's payout ratio is 19.20%.

Analyst Ratings Changes

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

Excelerate Energy Company 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.