Cable Hill Partners LLC Acquires New Position in Excelerate Energy, Inc. (NYSE:EE)

Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,688 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently modified their holdings of EE. Legacy Capital Group California Inc. bought a new position in Excelerate Energy during the 4th quarter worth approximately $414,000. Private Advisor Group LLC bought a new position in Excelerate Energy during the 4th quarter worth approximately $285,000. TimesSquare Capital Management LLC bought a new position in Excelerate Energy during the 4th quarter worth approximately $13,854,000. Principal Financial Group Inc. bought a new position in Excelerate Energy during the 4th quarter worth approximately $283,000. Finally, SG Americas Securities LLC grew its position in Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after acquiring an additional 845 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Trading Up 5.0 %

NYSE EE opened at $29.42 on Friday. 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 twelve month low of $13.80 and a twelve month high of $32.99. The firm has a market capitalization of $3.13 billion, a PE ratio of 29.72, a P/E/G ratio of 5.82 and a beta of 1.41. The stock’s 50 day moving average is $30.26 and its 200 day moving average is $26.19.

Excelerate Energy Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. Excelerate Energy’s dividend payout ratio is presently 24.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays raised their price target on Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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. Wells Fargo & Company lifted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Northland Securities lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, Stephens lifted their price objective on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.