Excelerate Energy, Inc. (NYSE:EE) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Excelerate Energy, Inc. (NYSE:EE) by 130.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,316 shares of the company’s stock after purchasing an additional 12,614 shares during the quarter. Victory Capital Management Inc.’s holdings in Excelerate Energy were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Excelerate Energy by 34.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Excelerate Energy in the 4th quarter valued at about $580,000. Principal Financial Group Inc. acquired a new position in shares of Excelerate Energy during the 4th quarter valued at about $283,000. Private Advisor Group LLC purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $285,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Excelerate Energy during the 4th quarter worth about $403,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EE shares. Barclays increased their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report 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 report on Wednesday, December 18th. Morgan Stanley reiterated an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and set a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Stock Down 0.3 %

EE opened at $29.13 on Friday. The firm has a 50 day moving average price of $29.83 and a 200 day moving average price of $27.26. The company has a market cap of $3.08 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 1 year low of $14.94 and a 1 year high of $32.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

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 given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is presently 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.