21,667 Shares in Excelerate Energy, Inc. (NYSE:EE) Purchased by Voleon Capital Management LP

Voleon Capital Management LP acquired a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 21,667 shares of the company's stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its stake in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after acquiring an additional 400 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Excelerate Energy by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 17,119 shares of the company's stock worth $518,000 after acquiring an additional 494 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Excelerate Energy by 11.6% in the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after acquiring an additional 845 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Excelerate Energy during the fourth quarter valued at $27,000. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of Excelerate Energy by 14.2% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 8,113 shares of the company's stock worth $245,000 after purchasing an additional 1,007 shares during the last quarter. Hedge funds and other institutional investors own 21.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. restated an "underweight" rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley restated an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Barclays increased 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. Stephens restated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Price Performance

Shares of EE opened at $25.58 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 25.83, a P/E/G ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year high of $32.99. 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 firm has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $28.48.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%. Excelerate Energy's dividend payout ratio is 19.20%.

About Excelerate Energy

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.

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