Voya Investment Management LLC lessened its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,964 shares of the company's stock after selling 292,037 shares during the period. Voya Investment Management LLC owned 0.22% of Excelerate Energy worth $7,198,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Excelerate Energy in the 4th quarter valued at about $27,000. Summit Investment Advisors Inc. grew its position in shares of Excelerate Energy by 28.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock valued at $54,000 after buying an additional 400 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of Excelerate Energy during the fourth quarter worth about $174,000. Mariner LLC purchased a new stake in Excelerate Energy in the 4th quarter valued at approximately $200,000. Finally, Cable Hill Partners LLC acquired a new stake in shares of Excelerate Energy during the 4th quarter valued at approximately $202,000. 21.79% of the stock is owned by hedge funds and other institutional investors.
Excelerate Energy Price Performance
NYSE:EE traded up $0.14 during trading hours on Friday, reaching $25.70. The company had a trading volume of 444,969 shares, compared to its average volume of 275,473. The stock has a 50-day moving average of $27.55 and a two-hundred day moving average of $28.50. 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 firm has a market capitalization of $2.72 billion, a PE ratio of 25.96, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a one year low of $16.70 and a one year high of $32.99.
Excelerate Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, May 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.93%. Excelerate Energy's dividend payout ratio (DPR) is presently 19.20%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reiterated 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. Stephens restated an "overweight" rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Barclays increased their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Excelerate Energy presently has an average rating of "Hold" and an average price target of $31.17.
Read Our Latest Analysis on Excelerate Energy
About Excelerate Energy
(
Free Report)
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.
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