Raymond James Financial Inc. Invests $5.51 Million in Excelerate Energy, Inc. (NYSE:EE)

Raymond James Financial Inc. purchased a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 182,144 shares of the company's stock, valued at approximately $5,510,000. Raymond James Financial Inc. owned approximately 0.17% of Excelerate Energy at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in Excelerate Energy in the 3rd quarter valued at approximately $214,000. Algert Global LLC raised its holdings in shares of Excelerate Energy by 13.7% in the third quarter. Algert Global LLC now owns 118,093 shares of the company's stock valued at $2,599,000 after purchasing an additional 14,253 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Excelerate Energy in the third quarter worth $94,000. FMR LLC boosted its holdings in Excelerate Energy by 134.2% during the third quarter. FMR LLC now owns 23,134 shares of the company's stock worth $509,000 after purchasing an additional 13,257 shares during the last quarter. Finally, Martingale Asset Management L P grew its position in Excelerate Energy by 39.8% in the third quarter. Martingale Asset Management L P now owns 27,690 shares of the company's stock valued at $609,000 after purchasing an additional 7,880 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

Shares of EE stock traded down $1.88 on Friday, hitting $27.99. The company's stock had a trading volume of 588,342 shares, compared to its average volume of 223,823. Excelerate Energy, Inc. has a fifty-two week low of $14.94 and a fifty-two week 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. The stock's 50 day moving average is $29.79 and its 200-day moving average is $27.61. The company has a market capitalization of $2.96 billion, a PE ratio of 28.27, a PEG ratio of 5.82 and a beta of 1.39.

Remove Ads

Excelerate Energy Announces Dividend

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

Analysts Set New Price Targets

EE has been the topic of several analyst reports. Morgan Stanley reissued an "underweight" rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a report on Friday. Stephens restated an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. 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. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.17.

About Excelerate Energy

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.