Quantbot Technologies LP Raises Stake in Excelerate Energy, Inc. (NYSE:EE)

Quantbot Technologies LP raised its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 814.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,014 shares of the company’s stock after buying an additional 34,746 shares during the quarter. Quantbot Technologies LP’s holdings in Excelerate Energy were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EE. Quarry LP grew its position in Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after buying an additional 409 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after acquiring an additional 845 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Excelerate Energy during the fourth quarter worth about $27,000. Bailard Inc. increased its position in shares of Excelerate Energy by 15.7% in the fourth quarter. Bailard Inc. now owns 22,100 shares of the company’s stock worth $669,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in Excelerate Energy by 27.8% in the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after purchasing an additional 3,855 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Excelerate Energy Price Performance

EE stock opened at $31.64 on Wednesday. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a 12-month low of $14.94 and a 12-month high of $32.99. The firm’s 50-day moving average price is $29.86 and its two-hundred day moving average price is $27.57.

Excelerate Energy Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Excelerate Energy’s dividend payout ratio is currently 19.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EE shares. Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Stephens reiterated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, Northland Securities increased their target price on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.