Susquehanna Fundamental Investments LLC Invests $2.87 Million in Excelerate Energy, Inc. (NYSE:EE)

Susquehanna Fundamental Investments LLC acquired a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 94,948 shares of the company's stock, valued at approximately $2,872,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Excelerate Energy at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy in the 4th quarter worth $27,000. 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 valued at $54,000 after purchasing an additional 400 shares during the period. Pictet Asset Management Holding SA purchased a new stake in Excelerate Energy in the 4th quarter valued at approximately $174,000. Mariner LLC acquired a new position in Excelerate Energy during the 4th quarter worth approximately $200,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at approximately $202,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

Shares of EE traded down $0.07 during mid-day trading on Monday, reaching $25.66. 62,768 shares of the company's stock were exchanged, compared to its average volume of 275,149. 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 52-week low of $16.70 and a 52-week high of $32.99. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 5.82 and a beta of 1.37. The company has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $28.57.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Wednesday, May 21st will be issued a $0.06 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.94%. Excelerate Energy's dividend payout ratio (DPR) is 19.20%.

Analyst Upgrades and Downgrades

EE has been the subject of several research analyst reports. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Stephens reiterated an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays increased their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. 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 note on Tuesday, January 7th. Finally, 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. Three analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $31.17.

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.