Proficio Capital Partners LLC Purchases New Stake in Excelerate Energy, Inc. (NYSE:EE)

Proficio Capital Partners LLC acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,310 shares of the company's stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $13,854,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Excelerate Energy during the 3rd quarter worth $4,385,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Excelerate Energy by 40.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock valued at $3,966,000 after acquiring an additional 52,007 shares during the last quarter. PDT Partners LLC lifted its position in Excelerate Energy by 85.5% in the third quarter. PDT Partners LLC now owns 46,971 shares of the company's stock valued at $1,034,000 after acquiring an additional 21,645 shares during the last quarter. Finally, Barclays PLC grew 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 worth $591,000 after acquiring an additional 20,113 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock traded down $1.88 during trading on Friday, hitting $27.99. 588,342 shares of the company's stock traded hands, compared to its average volume of 223,823. The company has a market cap of $2.96 billion, a PE ratio of 28.27, a PEG ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy, Inc. has a twelve month low of $14.94 and a twelve month high of $32.99. The firm's fifty day moving average price is $29.79 and its 200 day moving average price is $27.61.

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Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.86%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy's payout ratio is 19.20%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EE. Stephens reiterated an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a report on Friday. Barclays lifted their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Northland Securities boosted 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. Finally, JPMorgan Chase & Co. restated 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. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.