Townsquare Capital LLC Purchases Shares of 9,937 Excelerate Energy, Inc. (NYSE:EE)

Townsquare Capital LLC purchased a new position in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,937 shares of the company's stock, valued at approximately $301,000.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its stake in Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company's stock worth $591,000 after acquiring an additional 20,113 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Contravisory Investment Management Inc. purchased a new stake in Excelerate Energy in the fourth quarter valued at approximately $342,000. Ritholtz Wealth Management bought a new stake in Excelerate Energy during the fourth quarter valued at approximately $580,000. Finally, SG Americas Securities LLC grew its stake in Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after buying an additional 845 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Excelerate Energy Trading Up 0.2 %

EE stock traded up $0.04 during midday trading on Friday, hitting $26.58. The company had a trading volume of 171,162 shares, compared to its average volume of 271,304. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a 52 week low of $16.70 and a 52 week 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 stock's 50 day moving average price is $27.81 and its 200 day moving average price is $28.40.

Excelerate Energy Announces Dividend

The company also recently declared 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 was Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.90%. Excelerate Energy's payout ratio is currently 19.20%.

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.