JPMorgan Chase & Co. Buys 56,661 Shares of Excelerate Energy, Inc. (NYSE:EE)

JPMorgan Chase & Co. increased its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 113.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,707 shares of the company's stock after purchasing an additional 56,661 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Excelerate Energy worth $3,228,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Excelerate Energy during the fourth quarter worth about $27,000. Cable Hill Partners LLC bought a new position in shares of Excelerate Energy during the 4th quarter worth approximately $202,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Excelerate Energy in the fourth quarter valued at approximately $212,000. Intech Investment Management LLC bought a new stake in shares of Excelerate Energy in the fourth quarter worth $220,000. Finally, SG Americas Securities LLC boosted its holdings in Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock worth $246,000 after purchasing an additional 845 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. restated an "underweight" rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley reaffirmed an "underweight" rating and set a $29.00 price target (up previously 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 report on Friday, March 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. Finally, Barclays lifted 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. Three equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $31.17.

Excelerate Energy Stock Performance

Shares of NYSE:EE traded up $0.04 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 P/E/G ratio of 5.82 and a beta of 1.37. The stock has a 50 day moving average price of $27.81 and a 200 day moving average price of $28.40. Excelerate Energy, Inc. has a 1-year low of $16.70 and a 1-year 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.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy's payout ratio is 19.20%.

Excelerate Energy 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.