Raymond James Financial Inc. Takes Position in Excelerate Energy, Inc. (NYSE:EE)

Raymond James Financial Inc. acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 182,144 shares of the company’s stock, valued at approximately $5,510,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Excelerate Energy during the fourth quarter worth $27,000. Quarry LP grew its position in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the last quarter. Quantbot Technologies LP bought a new stake in Excelerate Energy during the 3rd quarter worth $94,000. Janus Henderson Group PLC acquired a new position in Excelerate Energy in the 3rd quarter worth about $200,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter valued at about $202,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Up 5.4 %

EE opened at $30.75 on Tuesday. Excelerate Energy, Inc. has a twelve month low of $14.94 and a twelve month high of $32.99. The company has a fifty day moving average of $29.84 and a 200-day moving average of $27.47. The stock has a market cap of $3.26 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s payout ratio is 19.20%.

Analyst Ratings Changes

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

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.