13,310 Shares in Excelerate Energy, Inc. (NYSE:EE) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,310 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors have also added to or reduced their stakes in EE. Cable Hill Partners LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $202,000. Legacy Capital Group California Inc. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $414,000. Private Advisor Group LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $285,000. TimesSquare Capital Management LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $13,854,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $283,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Down 1.2 %

EE opened at $28.38 on Tuesday. Excelerate Energy, Inc. has a twelve month low of $14.94 and a twelve month high of $32.99. The company has a 50-day simple moving average of $30.15 and a 200 day simple moving average of $26.79. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.85%. Excelerate Energy’s dividend payout ratio is 19.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EE shares. Stephens reiterated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. 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. Finally, Northland Securities upped their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.