Quantbot Technologies LP Buys 34,746 Shares of Excelerate Energy, Inc. (NYSE:EE)

Quantbot Technologies LP raised its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 814.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,014 shares of the company’s stock after acquiring an additional 34,746 shares during the quarter. Quantbot Technologies LP’s holdings in Excelerate Energy were worth $1,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Excelerate Energy by 34.4% in the 3rd 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 in the last quarter. Ritholtz Wealth Management purchased a new stake in Excelerate Energy in the fourth quarter worth about $580,000. Principal Financial Group Inc. bought a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $283,000. Private Advisor Group LLC purchased a new position in shares of Excelerate Energy during the fourth quarter valued at approximately $285,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Excelerate Energy in the 4th quarter worth approximately $403,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analyst Upgrades and Downgrades

EE has been the topic of several recent research reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Stephens restated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Northland Securities raised their price objective on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy presently has a consensus rating of “Hold” and an average price target of $31.17.

Excelerate Energy Price Performance

NYSE EE opened at $31.64 on Wednesday. Excelerate Energy, Inc. has a one year low of $14.94 and a one year high of $32.99. The stock has a 50-day moving average of $29.86 and a 200 day moving average of $27.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 5.82 and a beta of 1.39.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.76%. Excelerate Energy’s dividend payout ratio is presently 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.