Van ECK Associates Corp Has $408,000 Position in Excelerate Energy, Inc. (NYSE:EE)

Van ECK Associates Corp lessened its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,485 shares of the company’s stock after selling 2,712 shares during the quarter. Van ECK Associates Corp’s holdings in Excelerate Energy were worth $408,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after buying an additional 845 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Excelerate Energy during the 4th quarter valued at $580,000. Contravisory Investment Management Inc. bought a new stake in Excelerate Energy during the 4th quarter valued at $342,000. JPMorgan Chase & Co. increased its holdings 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 worth $1,102,000 after purchasing an additional 12,802 shares during the period. 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 worth $591,000 after purchasing an additional 20,113 shares during the period. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Down 3.9 %

EE stock opened at $28.29 on Friday. The firm has a fifty day moving average price of $30.38 and a 200 day moving average price of $25.97. Excelerate Energy, Inc. has a fifty-two week low of $13.39 and a fifty-two week high of $32.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The firm has a market cap of $3.01 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41.

Excelerate Energy Dividend Announcement

The company 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 $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. Excelerate Energy’s dividend payout ratio (DPR) is presently 24.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on EE shares. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Morgan Stanley restated an “underweight” rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Barclays increased their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Stephens increased their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Northland Securities increased their price target 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. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.00.

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.