Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 298,828 shares of the company's stock after selling 45,637 shares during the quarter. Russell Investments Group Ltd. owned about 0.28% of Excelerate Energy worth $9,040,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EE. TimesSquare Capital Management LLC bought a new position in shares of Excelerate Energy during the 4th quarter worth $13,854,000. Wellington Management Group LLP acquired a new stake in Excelerate Energy during the 4th quarter valued at approximately $5,921,000. Raymond James Financial Inc. acquired a new stake in Excelerate Energy during the 4th quarter worth about $5,510,000. JPMorgan Chase & Co. lifted its holdings in Excelerate Energy by 113.2% in the fourth 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 during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Excelerate Energy during the fourth quarter valued at $1,622,000. Institutional investors own 21.79% of the company's stock.

Wall Street Analyst Weigh In

EE has been the topic of several research analyst reports. Northland Securities lifted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. Barclays raised their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley restated an "underweight" rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Finally, Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Excelerate Energy currently has an average rating of "Hold" and a consensus target price of $31.17.

Excelerate Energy Trading Up 1.1 %

NYSE EE traded up $0.29 during mid-day trading on Thursday, reaching $26.96. 430,218 shares of the stock were exchanged, compared to its average volume of 267,279. The business's fifty day simple moving average is $28.30 and its 200 day simple moving average is $28.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy, Inc. has a 1-year low of $15.25 and a 1-year high of $32.99. The stock has a market capitalization of $2.85 billion, a PE ratio of 27.22, a PEG ratio of 5.82 and a beta of 1.37.

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 $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.89%. Excelerate Energy's dividend payout ratio (DPR) is currently 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.