Quantbot Technologies LP lifted its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 814.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,014 shares of the company's stock after purchasing an additional 34,746 shares during the quarter. Quantbot Technologies LP's holdings in Excelerate Energy were worth $1,180,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in EE. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy in the 4th quarter worth about $13,854,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Excelerate Energy in the third quarter worth approximately $4,385,000. Raymond James Financial Inc. bought a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $5,510,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $1,622,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company's stock worth $3,966,000 after buying an additional 52,007 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.
Excelerate Energy Stock Performance
Excelerate Energy stock traded down $1.88 during mid-day trading on Friday, reaching $27.99. The company's stock had a trading volume of 588,342 shares, compared to its average volume of 223,549. The company has a market capitalization of $2.96 billion, a P/E ratio of 28.27, a PEG ratio of 5.82 and a beta of 1.39. The firm's fifty day moving average price is $29.71 and its two-hundred day moving average price is $27.74. Excelerate Energy, Inc. has a 12-month low of $14.94 and a 12-month high of $32.99. 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 Dividend Announcement
The firm 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 of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio is 19.20%.
Analyst Ratings Changes
EE has been the topic of several recent analyst reports. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday. Northland Securities upped their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Stephens reiterated an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. JPMorgan Chase & Co. restated an "underweight" rating and issued a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Finally, Barclays increased their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.17.
Get Our Latest Stock Analysis on Excelerate Energy
Excelerate Energy Profile
(
Free Report)
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.
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