JPMorgan Chase & Co. Boosts Stake in Excelerate Energy, Inc. (NYSE:EE)

JPMorgan Chase & Co. increased its stake in Excelerate Energy, Inc. (NYSE:EE) by 34.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,046 shares of the company’s stock after acquiring an additional 12,802 shares during the period. JPMorgan Chase & Co.’s holdings in Excelerate Energy were worth $1,102,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Excelerate Energy in the 3rd quarter valued at $4,385,000. Algert Global LLC bought a new stake in Excelerate Energy in the second quarter worth $1,915,000. Marshall Wace LLP boosted its position in Excelerate Energy by 28.2% during the second quarter. Marshall Wace LLP now owns 338,465 shares of the company’s stock valued at $6,241,000 after buying an additional 74,491 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after buying an additional 52,007 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Excelerate Energy by 160.3% in the second quarter. Mackenzie Financial Corp now owns 55,580 shares of the company’s stock worth $1,025,000 after buying an additional 34,228 shares during the period. Institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EE shares. Northland Securities lifted their price target on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lifted 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. Morgan Stanley upped their price target on shares of Excelerate Energy from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reissued 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. Finally, Barclays upped their price objective on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Excelerate Energy currently has a consensus rating of “Hold” and a consensus price target of $30.33.

Excelerate Energy Trading Down 0.4 %

NYSE:EE opened at $31.14 on Friday. The company has a 50-day moving average price of $30.55 and a 200-day moving average price of $24.35. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.93 and a beta of 1.42. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy, Inc. has a 12 month low of $13.38 and a 12 month high of $32.99.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The business had revenue of $193.42 million for the quarter, compared to analysts’ expectations of $194.09 million. During the same period in the previous year, the firm posted $0.40 EPS. Equities analysts predict that Excelerate Energy, Inc. will post 1.22 EPS for the current year.

Excelerate Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Wednesday, November 20th were issued a $0.06 dividend. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, November 20th. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. Excelerate Energy’s dividend payout ratio is 24.24%.

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.