Private Advisor Group LLC Acquires New Stake in Excelerate Energy, Inc. (NYSE:EE)

Private Advisor Group LLC acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,418 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Quarry LP boosted its stake in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares in the last quarter. Quantbot Technologies LP purchased a new position in Excelerate Energy in the third quarter worth about $94,000. US Bancorp DE bought a new position in shares of Excelerate Energy in the third quarter worth approximately $130,000. SG Americas Securities LLC lifted its stake 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 buying an additional 845 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Excelerate Energy during the 3rd quarter valued at $200,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Stock Down 1.2 %

Shares of EE stock opened at $29.80 on Thursday. Excelerate Energy, Inc. has a one year low of $14.94 and a one year high of $32.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 5.82 and a beta of 1.41. The company’s fifty day moving average price is $30.25 and its 200-day moving average price is $26.54.

Excelerate Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 yield of 0.81%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EE. Wells Fargo & Company raised their price target on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Stephens reissued an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a report on Monday. Barclays boosted their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Northland Securities increased their price objective 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. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company 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.