Victory Capital Management Inc. Acquires 12,614 Shares of Excelerate Energy, Inc. (NYSE:EE)

Victory Capital Management Inc. raised its stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 130.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,316 shares of the company's stock after purchasing an additional 12,614 shares during the quarter. Victory Capital Management Inc.'s holdings in Excelerate Energy were worth $675,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $27,000. Quarry LP raised its stake in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company's stock valued at $40,000 after buying an additional 409 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at $94,000. Janus Henderson Group PLC bought a new position in shares of Excelerate Energy during the 3rd quarter worth about $200,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at about $202,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Price Performance

Shares of NYSE EE traded up $0.89 during trading on Tuesday, reaching $31.64. The company had a trading volume of 259,485 shares, compared to its average volume of 213,325. Excelerate Energy, Inc. has a 52 week low of $14.94 and a 52 week high of $32.99. The business's 50 day moving average price is $29.84 and its 200-day moving average price is $27.47. The stock has a market cap of $3.35 billion, a PE ratio of 31.96, a PEG ratio of 5.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

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Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EE. JPMorgan Chase & Co. reissued an "underweight" rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reissued an "underweight" rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Stephens restated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Barclays raised their price objective 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. Finally, Northland Securities boosted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, Excelerate Energy has an average rating of "Hold" and an average target price of $31.17.

Excelerate Energy 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.