Townsquare Capital LLC Makes New $301,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

Townsquare Capital LLC purchased a new stake in Excelerate Energy, Inc. (NYSE:EE) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,937 shares of the company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its stake in Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock valued at $591,000 after buying an additional 20,113 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after acquiring an additional 12,802 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Excelerate Energy during the 4th quarter worth about $342,000. Ritholtz Wealth Management acquired a new position in Excelerate Energy in the 4th quarter valued at about $580,000. Finally, SG Americas Securities LLC lifted its holdings in Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

NYSE EE opened at $26.21 on Tuesday. 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 $16.15 and a 1-year high of $32.99. The firm has a market capitalization of $2.78 billion, a P/E ratio of 26.47, a P/E/G ratio of 5.82 and a beta of 1.37. The business’s 50-day simple moving average is $28.06 and its 200-day simple moving average is $28.38.

Excelerate Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s payout ratio is currently 19.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Stephens reissued an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Barclays raised their price target on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Three 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, Excelerate Energy has an average rating of “Hold” and an average price target 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.