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

Voleon Capital Management LP bought a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,667 shares of the company's stock, valued at approximately $655,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EE. SBI Securities Co. Ltd. bought a new position in Excelerate Energy during the fourth quarter valued at about $27,000. Aquatic Capital Management LLC bought a new stake in shares of Excelerate Energy during the fourth quarter valued at approximately $33,000. Summit Investment Advisors Inc. lifted its position in Excelerate Energy by 28.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after purchasing an additional 400 shares during the period. Pictet Asset Management Holding SA acquired a new stake in Excelerate Energy during the fourth quarter worth $174,000. Finally, Mariner LLC bought a new stake in Excelerate Energy in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EE shares. Morgan Stanley restated an "underweight" rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens reaffirmed an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. 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 report on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.17.

Excelerate Energy Price Performance

NYSE:EE traded down $0.32 during mid-day trading on Wednesday, reaching $25.29. 60,691 shares of the company were exchanged, compared to its average volume of 275,550. Excelerate Energy, Inc. has a 12 month low of $16.70 and a 12 month high of $32.99. The stock has a market cap of $2.68 billion, a PE ratio of 25.58, a PEG ratio of 5.82 and a beta of 1.39. 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 company has a fifty day moving average of $27.43 and a 200 day moving average of $28.57.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is presently 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.