Versor Investments LP Takes $296,000 Position in Excelerate Energy, Inc. (NYSE:EE)

Versor Investments LP purchased a new position in Excelerate Energy, Inc. (NYSE:EE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,800 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors have also modified their holdings of the company. US Bancorp DE acquired a new stake in Excelerate Energy in the third quarter valued at $130,000. Van ECK Associates Corp increased its position in shares of Excelerate Energy by 111.7% in the 3rd quarter. Van ECK Associates Corp now owns 16,197 shares of the company’s stock worth $380,000 after purchasing an additional 8,547 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $214,000. Algert Global LLC lifted its position in shares of Excelerate Energy by 13.7% during the third quarter. Algert Global LLC now owns 118,093 shares of the company’s stock worth $2,599,000 after purchasing an additional 14,253 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Excelerate Energy in the third quarter worth about $94,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EE. Barclays upped their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Northland Securities lifted their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley restated an “underweight” rating and issued a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Price Performance

Shares of EE opened at $30.02 on Tuesday. Excelerate Energy, Inc. has a 12 month low of $14.88 and a 12 month 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 stock has a fifty day moving average price of $30.27 and a 200 day moving average price of $26.44. The company has a market cap of $3.19 billion, a P/E ratio of 30.32, a PEG ratio of 5.82 and a beta of 1.41.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 dividend on an annualized basis and a dividend yield of 0.80%. Excelerate Energy’s dividend payout ratio (DPR) is presently 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.