Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of Excelerate Energy, Inc. (NYSE:EE - Free Report) by 55.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 237,964 shares of the company's stock after selling 292,037 shares during the period. Voya Investment Management LLC owned approximately 0.22% of Excelerate Energy worth $7,198,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company's stock valued at $591,000 after acquiring an additional 20,113 shares during the last quarter. JPMorgan Chase & Co. raised its position in Excelerate Energy by 34.4% in the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company's stock worth $1,102,000 after acquiring an additional 12,802 shares during the period. Contravisory Investment Management Inc. bought a new position in Excelerate Energy in the fourth quarter worth approximately $342,000. Ritholtz Wealth Management purchased a new position in shares of Excelerate Energy during the 4th quarter worth $580,000. Finally, SG Americas Securities LLC grew its position in shares of Excelerate Energy by 11.6% during the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company's stock valued at $246,000 after acquiring an additional 845 shares during the period. 21.79% of the stock is owned by hedge funds and other institutional investors.

Excelerate Energy Trading Down 0.3 %

NYSE EE traded down $0.08 during mid-day trading on Monday, reaching $25.65. 54,828 shares of the stock were exchanged, compared to its average volume of 275,111. The stock has a market capitalization of $2.72 billion, a PE ratio of 25.89, a PEG ratio of 5.82 and a beta of 1.37. 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 $16.70 and a 1-year high of $32.99. The business's fifty day simple moving average is $27.55 and its 200 day simple moving average is $28.57.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Wednesday, May 21st will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, May 21st. Excelerate Energy's dividend payout ratio (DPR) is 19.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Stephens reaffirmed an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday, March 3rd. Wells Fargo & Company reissued an "underweight" rating on shares of Excelerate Energy in a research report on Friday, March 28th. Morgan Stanley reiterated an "underweight" rating and set a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. Finally, Barclays upped their target price on Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three 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 company currently has an average rating of "Hold" and an average target price of $31.17.

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.