Norges Bank Buys Shares of 37,300 Excelerate Energy, Inc. (NYSE:EE)

Norges Bank bought a new stake in Excelerate Energy, Inc. (NYSE:EE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 37,300 shares of the company's stock, valued at approximately $1,128,000.

Several other institutional investors have also modified their holdings of EE. SBI Securities Co. Ltd. acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at about $27,000. Cable Hill Partners LLC acquired a new position in Excelerate Energy during the 4th quarter worth approximately $202,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Excelerate Energy during the 4th quarter worth $212,000. Intech Investment Management LLC acquired a new position in Excelerate Energy during the fourth quarter worth about $220,000. Finally, SG Americas Securities LLC increased 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 valued at $246,000 after purchasing an additional 845 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Stock Performance

Shares of NYSE EE traded up $0.30 during mid-day trading on Thursday, reaching $26.97. 386,683 shares of the company were exchanged, compared to its average volume of 267,107. 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 market capitalization of $2.86 billion, a P/E ratio of 27.28, a P/E/G ratio of 5.82 and a beta of 1.37. The company's 50-day simple moving average is $28.30 and its 200-day simple moving average is $28.22. Excelerate Energy, Inc. has a twelve month low of $15.25 and a twelve month high of $32.99.

Excelerate Energy Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.89%. Excelerate Energy's payout ratio is 19.20%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Wells Fargo & Company restated an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Northland Securities lifted their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Morgan Stanley restated 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, Stephens restated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Excelerate Energy currently has an average rating of "Hold" and a consensus target price of $31.17.

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.