Raymond James Financial Inc. Takes $5.51 Million Position in Excelerate Energy, Inc. (NYSE:EE)

Raymond James Financial Inc. purchased a new stake in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 182,144 shares of the company's stock, valued at approximately $5,510,000. Raymond James Financial Inc. owned approximately 0.17% of Excelerate Energy at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Excelerate Energy in the 4th quarter worth $27,000. Pictet Asset Management Holding SA bought a new stake in shares of Excelerate Energy in the fourth quarter worth about $174,000. Cable Hill Partners LLC purchased a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $202,000. KLP Kapitalforvaltning AS bought a new stake in shares of Excelerate Energy in the 4th quarter worth about $212,000. Finally, Intech Investment Management LLC purchased a new stake in Excelerate Energy during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EE shares. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research note on Friday, March 28th. Stephens restated an "overweight" rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Barclays increased their price objective on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $31.00 target price (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.17.

Excelerate Energy Price Performance

Shares of Excelerate Energy stock traded down $1.24 during trading hours on Wednesday, reaching $25.62. The stock had a trading volume of 312,060 shares, compared to its average volume of 273,046. 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, Inc. has a twelve month low of $16.70 and a twelve month high of $32.99. The stock's 50 day moving average is $27.65 and its 200 day moving average is $28.47. The firm has a market capitalization of $2.71 billion, a PE ratio of 25.88, a PEG ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, March 12th. Excelerate Energy's dividend payout ratio is currently 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.