Versor Investments LP Invests $296,000 in Excelerate Energy, Inc. (NYSE:EE)

Versor Investments LP acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,800 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP increased its stake 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 purchasing an additional 409 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at $94,000. US Bancorp DE purchased a new position in shares of Excelerate Energy in the 3rd quarter valued at $130,000. Janus Henderson Group PLC acquired a new stake in Excelerate Energy during the 3rd quarter worth $200,000. Finally, Cable Hill Partners LLC purchased a new stake in Excelerate Energy in the fourth quarter valued at $202,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EE shares. Morgan Stanley reaffirmed an "underweight" rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an "underweight" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Stephens reissued an "overweight" rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday. Finally, Barclays lifted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.17.

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Excelerate Energy Price Performance

Shares of NYSE EE traded up $0.34 on Friday, hitting $28.83. The company's stock had a trading volume of 308,040 shares, compared to its average volume of 219,099. 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 stock has a 50 day moving average of $30.21 and a 200-day moving average of $26.55. Excelerate Energy, Inc. has a 12-month low of $14.94 and a 12-month high of $32.99. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy's payout ratio is 19.20%.

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.