Dark Forest Capital Management LP Invests $579,000 in Excelerate Energy, Inc. (NYSE:EE)

Dark Forest Capital Management LP bought a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,140 shares of the company's stock, valued at approximately $579,000.

Several other institutional investors have also recently bought and sold shares of EE. TimesSquare Capital Management LLC bought a new stake in Excelerate Energy in the 4th quarter valued at approximately $13,854,000. Wellington Management Group LLP bought a new stake in Excelerate Energy in the 4th quarter valued at approximately $5,921,000. Raymond James Financial Inc. bought a new stake in Excelerate Energy in the 4th quarter valued at approximately $5,510,000. JPMorgan Chase & Co. lifted its stake in Excelerate Energy by 113.2% in the 4th quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company's stock valued at $3,228,000 after acquiring an additional 56,661 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Excelerate Energy in the 4th quarter valued at approximately $1,622,000. Institutional investors own 21.79% of the company's stock.

Excelerate Energy Stock Performance

EE stock traded down $0.16 during trading hours on Thursday, reaching $25.43. The stock had a trading volume of 117,219 shares, compared to its average volume of 272,469. The stock has a 50-day simple moving average of $27.65 and a 200 day simple moving average of $28.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a market capitalization of $2.69 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $32.99.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's dividend payout ratio is presently 19.20%.

Analyst Upgrades and Downgrades

EE has been the topic of several research reports. Barclays boosted 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 reaffirmed an "overweight" rating and set a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reiterated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Morgan Stanley reiterated an "underweight" rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Excelerate Energy presently has a consensus rating of "Hold" and a consensus 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.