Private Advisor Group LLC Purchases Shares of 9,418 Excelerate Energy, Inc. (NYSE:EE)

Private Advisor Group LLC bought 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 filing with the SEC. The institutional investor bought 9,418 shares of the company's stock, valued at approximately $285,000.

Other large investors have also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC bought a new position in Excelerate Energy in the fourth quarter valued at $13,854,000. Principal Financial Group Inc. bought a new position in Excelerate Energy in the fourth quarter valued at $283,000. SG Americas Securities LLC grew its position in Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after purchasing an additional 845 shares in the last quarter. Ritholtz Wealth Management bought a new position in Excelerate Energy in the fourth quarter valued at $580,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Excelerate Energy in the fourth quarter valued at $342,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Trading Up 1.2 %

Excelerate Energy stock traded up $0.34 during trading hours on Friday, hitting $28.83. The stock had a trading volume of 308,050 shares, compared to its average volume of 219,415. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a one year low of $14.94 and a one year high of $32.99. The business's 50 day simple moving average is $30.18 and its 200-day simple moving average is $26.67.

Remove Ads

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.83%. Excelerate Energy's dividend payout ratio is presently 19.20%.

Analysts Set New Price Targets

Several research firms recently weighed in on EE. Barclays raised 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. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Northland Securities lifted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Stephens reiterated an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, Morgan Stanley reiterated an "underweight" rating and set a $29.00 target price (up 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, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.