Excelerate Energy, Inc. (NYSE:EE) Holdings Trimmed by Ranger Investment Management L.P.

Ranger Investment Management L.P. cut its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,724,542 shares of the company's stock after selling 33,834 shares during the period. Excelerate Energy comprises about 3.3% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 6th largest position. Ranger Investment Management L.P. owned 1.62% of Excelerate Energy worth $52,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $220,000. JPMorgan Chase & Co. lifted its position in Excelerate Energy by 34.4% during 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 during the period. Ritholtz Wealth Management purchased a new stake in Excelerate Energy in the 4th quarter worth approximately $580,000. Principal Financial Group Inc. acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at about $283,000. Finally, Proficio Capital Partners LLC acquired a new position in Excelerate Energy during the fourth quarter worth $403,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Excelerate Energy Trading Down 0.7 %

Shares of NYSE:EE traded down $0.17 during mid-day trading on Monday, reaching $25.95. 91,946 shares of the company were exchanged, compared to its average volume of 263,204. Excelerate Energy, Inc. has a 1 year low of $14.98 and a 1 year high of $32.99. 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's 50-day simple moving average is $28.53 and its 200 day simple moving average is $28.22. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 26.21, a P/E/G ratio of 5.82 and a beta of 1.37.

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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 issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is currently 19.20%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "underweight" rating and set a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays raised their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Three investment 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.com, the stock currently 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.