StockNews.com Begins Coverage on Excelerate Energy (NYSE:EE)

StockNews.com began coverage on shares of Excelerate Energy (NYSE:EE – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

Separately, Morgan Stanley cut their price target on Excelerate Energy from $33.00 to $32.00 and set an equal weight rating on the stock in a report on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $31.50.

Excelerate Energy Stock Performance

NYSE EE opened at $19.13 on Thursday. The business has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $24.73. Excelerate Energy has a one year low of $18.31 and a one year high of $31.13. The company has a quick ratio of 1.32, a current ratio of 1.78 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Excelerate Energy by 12.4% in the third quarter. Vanguard Group Inc. now owns 1,829,939 shares of the company’s stock valued at $42,822,000 after purchasing an additional 201,806 shares in the last quarter. Zimmer Partners LP purchased a new stake in shares of Excelerate Energy during the second quarter valued at approximately $27,390,000. Norges Bank purchased a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $18,206,000. Emerald Advisers LLC increased its position in shares of Excelerate Energy by 0.5% during the fourth quarter. Emerald Advisers LLC now owns 697,438 shares of the company’s stock valued at $17,471,000 after acquiring an additional 3,533 shares during the last quarter. Finally, FMR LLC purchased a new stake in shares of Excelerate Energy during the second quarter valued at approximately $12,948,000. Institutional investors own 21.24% of the company’s stock.

About Excelerate Energy

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Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.