Proficio Capital Partners LLC Takes $403,000 Position in Excelerate Energy, Inc. (NYSE:EE)

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

A number of other institutional investors have also recently bought and sold shares of EE. JPMorgan Chase & Co. lifted its position in shares of Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after buying an additional 12,802 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Excelerate Energy in the 4th quarter valued at $580,000. Principal Financial Group Inc. acquired a new stake in Excelerate Energy during the 4th quarter valued at $283,000. Private Advisor Group LLC bought a new position in Excelerate Energy during the fourth quarter worth $285,000. Finally, Barclays PLC increased its holdings in shares of Excelerate Energy by 299.8% in the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after purchasing an additional 20,113 shares during the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Up 5.4 %

Shares of EE opened at $30.75 on Tuesday. 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 $14.94 and a 12 month high of $32.99. The firm’s 50 day moving average is $29.84 and its 200-day moving average is $27.47. The stock has a market capitalization of $3.26 billion, a PE ratio of 31.06, a P/E/G ratio of 5.82 and a beta of 1.39.

Excelerate Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Wall Street Analyst Weigh In

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