Versor Investments LP Makes New Investment in Excelerate Energy, Inc. (NYSE:EE)

Versor Investments LP purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,800 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors have also modified their holdings of EE. Quarry LP grew its stake in Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after acquiring an additional 409 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Excelerate Energy by 11.6% during the fourth quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock worth $246,000 after purchasing an additional 845 shares during the last quarter. Verition Fund Management LLC grew its position in shares of Excelerate Energy by 27.8% in the third quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after purchasing an additional 3,855 shares during the period. Quantbot Technologies LP acquired a new position in Excelerate Energy in the third quarter valued at $94,000. Finally, US Bancorp DE purchased a new position in Excelerate Energy during the third quarter worth about $130,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EE. Barclays lifted their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday. Northland Securities boosted their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Stephens reaffirmed an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.17.

Excelerate Energy Price Performance

EE opened at $30.02 on Tuesday. The company has a 50 day moving average of $30.27 and a two-hundred day moving average of $26.44. Excelerate Energy, Inc. has a 52-week low of $14.88 and a 52-week high of $32.99. 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 company has a market cap of $3.19 billion, a P/E ratio of 30.32, a P/E/G ratio of 5.82 and a beta of 1.41.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.80%. 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.