Trexquant Investment LP decreased its position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 39.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,129 shares of the company's stock after selling 62,272 shares during the quarter. Trexquant Investment LP owned 0.09% of Excelerate Energy worth $2,908,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake 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. Verition Fund Management LLC lifted its position in shares of Excelerate Energy by 27.8% during the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company's stock worth $390,000 after buying an additional 3,855 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Excelerate Energy in the third quarter valued at about $200,000. Quarry LP grew its position in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company's stock valued at $40,000 after acquiring an additional 409 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Excelerate Energy by 580.7% during the third quarter. Public Employees Retirement System of Ohio now owns 15,084 shares of the company's stock worth $332,000 after acquiring an additional 12,868 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.
Excelerate Energy Trading Up 2.3 %
NYSE EE traded up $0.59 on Friday, hitting $26.03. The company's stock had a trading volume of 462,100 shares, compared to its average volume of 263,779. The company's 50-day moving average is $28.53 and its 200 day moving average is $28.17. The firm has a market cap of $2.76 billion, a PE ratio of 26.29, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 1-year low of $14.98 and a 1-year high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.
Excelerate Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a $0.06 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.92%. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on EE shares. Morgan Stanley restated an "underweight" rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Northland Securities increased their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.17.
Check Out Our Latest Report on Excelerate Energy
Excelerate Energy Company 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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