Los Angeles Capital Management LLC Cuts Position in Excelerate Energy, Inc. (NYSE:EE)

Los Angeles Capital Management LLC lessened its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,645 shares of the company’s stock after selling 14,428 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Excelerate Energy were worth $1,381,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EE. Quarry LP boosted its holdings in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the period. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $94,000. US Bancorp DE purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $130,000. SG Americas Securities LLC boosted its holdings in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after purchasing an additional 845 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Excelerate Energy in the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EE. Stephens lifted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Morgan Stanley reissued an “underweight” rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. 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 note on Tuesday, January 7th. Finally, 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. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.17.

Excelerate Energy Trading Up 4.1 %

Shares of NYSE EE opened at $30.61 on Friday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $30.27 and a two-hundred day simple moving average of $26.27. The firm has a market cap of $3.25 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. Excelerate Energy, Inc. has a twelve month low of $13.80 and a twelve month high of $32.99.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy’s payout ratio is 24.24%.

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.