Bailard Inc. Boosts Holdings in Excelerate Energy, Inc. (NYSE:EE)

Bailard Inc. grew its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,100 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Bailard Inc.’s holdings in Excelerate Energy were worth $669,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after buying an additional 409 shares during the period. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy in the third quarter worth $94,000. US Bancorp DE purchased a new position in shares of Excelerate Energy in the third quarter worth $130,000. Cable Hill Partners LLC purchased a new position in shares of Excelerate Energy in the fourth quarter worth $202,000. Finally, SG Americas Securities LLC increased 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 during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on EE. Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Stephens restated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Stock Down 2.2 %

Shares of NYSE:EE opened at $30.02 on Tuesday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 30.32, a P/E/G ratio of 5.82 and a beta of 1.41. 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 stock has a 50 day moving average price of $30.27 and a 200-day moving average price of $26.44. Excelerate Energy, Inc. has a 52-week low of $14.88 and a 52-week high of $32.99.

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 paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.80%. Excelerate Energy’s payout ratio is 19.20%.

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.