New York State Common Retirement Fund Cuts Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

New York State Common Retirement Fund cut its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 15.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,753 shares of the company’s stock after selling 1,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Excelerate Energy were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP lifted its holdings in Excelerate Energy by 28.9% during 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. SG Americas Securities LLC increased its position in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after purchasing an additional 845 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Excelerate Energy by 27.8% in the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock worth $390,000 after purchasing an additional 3,855 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Excelerate Energy in the third quarter worth approximately $94,000. Finally, US Bancorp DE bought a new position in shares of Excelerate Energy in the third quarter worth approximately $130,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

NYSE:EE opened at $29.80 on Thursday. The stock has a market cap of $3.17 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The firm’s fifty day simple moving average is $30.25 and its 200 day simple moving average is $26.54. Excelerate Energy, Inc. has a twelve month low of $14.94 and a twelve month 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Analyst Upgrades and Downgrades

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

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.