Voya Investment Management LLC Has $7.20 Million Stake in Excelerate Energy, Inc. (NYSE:EE)

Voya Investment Management LLC lowered its position in Excelerate Energy, Inc. (NYSE:EE) by 55.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 237,964 shares of the company’s stock after selling 292,037 shares during the quarter. Voya Investment Management LLC’s holdings in Excelerate Energy were worth $7,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at $27,000. Summit Investment Advisors Inc. grew its stake in Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Excelerate Energy in the 4th quarter valued at about $174,000. Mariner LLC bought a new stake in shares of Excelerate Energy during the fourth quarter worth approximately $200,000. Finally, Cable Hill Partners LLC acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $202,000. Institutional investors own 21.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Stephens reaffirmed an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays raised their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, Excelerate Energy has an average rating of “Hold” and an average price target of $31.17.

Excelerate Energy Price Performance

EE stock opened at $26.79 on Wednesday. The company’s 50-day moving average price is $27.70 and its two-hundred day moving average price is $28.49. The firm has a market cap of $2.84 billion, a P/E ratio of 27.06, a P/E/G ratio of 5.82 and a beta of 1.37. 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, Inc. has a 12 month low of $16.70 and a 12 month high of $32.99.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.90%. Excelerate Energy’s dividend payout ratio is currently 19.20%.

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.