Excelerate Energy, Inc. (NYSE:EE) Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,082,298 shares of the company's stock after selling 40,259 shares during the period. Vanguard Group Inc. owned 1.96% of Excelerate Energy worth $62,990,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EE. SBI Securities Co. Ltd. acquired a new position in shares of Excelerate Energy in the fourth quarter valued at approximately $27,000. Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth $202,000. KLP Kapitalforvaltning AS purchased a new position in Excelerate Energy during the fourth quarter worth about $212,000. Intech Investment Management LLC acquired a new position in shares of Excelerate Energy during the 4th quarter valued at about $220,000. Finally, SG Americas Securities LLC boosted its position 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. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EE has been the subject of a number of research reports. Northland Securities boosted their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. Morgan Stanley reaffirmed 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. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Barclays boosted their price objective on Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, 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 research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Stock Performance

EE stock traded up $0.09 during midday trading on Thursday, reaching $26.76. The company had a trading volume of 379,456 shares, compared to its average volume of 382,333. 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 stock has a 50 day moving average price of $28.30 and a 200 day moving average price of $28.22. The firm has a market capitalization of $2.83 billion, a PE ratio of 27.03, a P/E/G ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a fifty-two week low of $15.33 and a fifty-two week high of $32.99.

Excelerate Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy's 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.