Excelerate Energy, Inc. (NYSE:EE) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P grew its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 84.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,016 shares of the company's stock after purchasing an additional 23,326 shares during the quarter. Martingale Asset Management L P's holdings in Excelerate Energy were worth $1,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TimesSquare Capital Management LLC acquired a new position in shares of Excelerate Energy in the fourth quarter worth about $13,854,000. Renaissance Technologies LLC raised its position in shares of Excelerate Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 358,219 shares of the company's stock valued at $10,836,000 after purchasing an additional 44,400 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Excelerate Energy during the 4th quarter valued at approximately $5,921,000. Raymond James Financial Inc. acquired a new stake in Excelerate Energy in the fourth quarter valued at $5,510,000. Finally, JPMorgan Chase & Co. boosted its stake in Excelerate Energy by 113.2% during the 4th quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company's stock valued at $3,228,000 after acquiring an additional 56,661 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Performance

Shares of EE stock traded up $0.26 during trading hours on Wednesday, reaching $26.65. The stock had a trading volume of 249,202 shares, compared to its average volume of 266,393. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The firm has a 50-day simple moving average of $28.37 and a 200-day simple moving average of $28.24. The firm has a market capitalization of $2.82 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a twelve month low of $14.98 and a twelve month high of $32.99.

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Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. Excelerate Energy's dividend payout ratio is presently 19.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Northland Securities raised their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Excelerate Energy has an average rating of "Hold" and an average price target 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.