Excelerate Energy, Inc. (NYSE:EE) is Ranger Investment Management L.P.’s 6th Largest Position

Ranger Investment Management L.P. lessened its stake in Excelerate Energy, Inc. (NYSE:EE) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,724,542 shares of the company’s stock after selling 33,834 shares during the quarter. Excelerate Energy comprises 3.3% of Ranger Investment Management L.P.’s portfolio, making the stock its 6th largest holding. Ranger Investment Management L.P.’s holdings in Excelerate Energy were worth $52,167,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EE. Raymond James Financial Inc. purchased a new position in Excelerate Energy in the 4th quarter valued at $5,510,000. Martingale Asset Management L P increased its holdings in Excelerate Energy by 84.2% during the 4th quarter. Martingale Asset Management L P now owns 51,016 shares of the company’s stock valued at $1,543,000 after acquiring an additional 23,326 shares in the last quarter. Renaissance Technologies LLC increased its position in Excelerate Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock worth $10,836,000 after buying an additional 44,400 shares in the last quarter. Polymer Capital Management US LLC purchased a new stake in Excelerate Energy during the 4th quarter worth about $235,000. Finally, Wellington Management Group LLP acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $5,921,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $24.60 on Wednesday. The stock has a market cap of $2.61 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 12 month low of $14.98 and a 12 month high of $32.99. 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 $28.88 and a 200-day simple moving average of $28.09.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio is currently 19.20%.

Wall Street Analyst Weigh In

Several analysts have commented on EE shares. Stephens reaffirmed an “overweight” rating and issued a $36.00 target price on shares of Excelerate Energy in a research note on Monday, March 3rd. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. Barclays upped their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Northland Securities raised their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Company 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.