Counterpoint Mutual Funds LLC Buys New Shares in Excelerate Energy, Inc. (NYSE:EE)

Counterpoint Mutual Funds LLC bought a new stake in shares of Excelerate Energy, Inc. (NYSE:EE) during the 4th quarter, Holdings Channel reports. The firm bought 15,642 shares of the company’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Excelerate Energy during the fourth quarter valued at about $27,000. Quarry LP raised its holdings in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after acquiring an additional 409 shares during the period. Quantbot Technologies LP bought a new stake in Excelerate Energy during the third quarter valued at about $94,000. Janus Henderson Group PLC bought a new stake in Excelerate Energy during the third quarter valued at about $200,000. Finally, Cable Hill Partners LLC bought a new stake in shares of Excelerate Energy in the fourth quarter worth about $202,000. 21.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Excelerate Energy Trading Up 0.2 %

Shares of NYSE EE opened at $28.38 on Tuesday. The business’s 50 day moving average is $29.88 and its two-hundred day moving average is $27.09. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy, Inc. has a 1-year low of $14.94 and a 1-year high of $32.99. The stock has a market capitalization of $3.01 billion, a P/E ratio of 28.67, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy Dividend Announcement

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 is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.85%. Excelerate Energy’s payout ratio is currently 19.20%.

About Excelerate Energy

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.