Victory Capital Management Inc. Increases Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Victory Capital Management Inc. lifted its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 130.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,316 shares of the company’s stock after acquiring an additional 12,614 shares during the period. Victory Capital Management Inc.’s holdings in Excelerate Energy were worth $675,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy during the fourth quarter worth approximately $27,000. Quarry LP grew its position in 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 during the last quarter. Quantbot Technologies LP purchased a new position in Excelerate Energy in the 3rd quarter valued at $94,000. Janus Henderson Group PLC purchased a new position in Excelerate Energy in the 3rd quarter valued at $200,000. Finally, Cable Hill Partners LLC purchased a new position in Excelerate Energy in the 4th quarter valued at $202,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EE shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Northland Securities lifted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Barclays boosted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Trading Down 0.3 %

NYSE:EE opened at $29.13 on Friday. The company has a market capitalization of $3.08 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. 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, Inc. has a 52-week low of $14.94 and a 52-week high of $32.99. The stock has a fifty day simple moving average of $29.83 and a 200-day simple moving average of $27.26.

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 0.82%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

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.