American Century Companies Inc. Buys 2,156 Shares of Excelerate Energy, Inc. (NYSE:EE)

American Century Companies Inc. grew its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,190 shares of the company’s stock after buying an additional 2,156 shares during the period. American Century Companies Inc.’s holdings in Excelerate Energy were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. TimesSquare Capital Management LLC purchased a new position in shares of Excelerate Energy during the fourth quarter worth about $13,854,000. Raymond James Financial Inc. bought a new position in Excelerate Energy in the fourth quarter valued at $5,510,000. Harvest Fund Management Co. Ltd purchased a new stake in Excelerate Energy during the fourth quarter valued at about $1,622,000. Quantbot Technologies LP lifted its stake in Excelerate Energy by 814.1% during the fourth quarter. Quantbot Technologies LP now owns 39,014 shares of the company’s stock worth $1,180,000 after purchasing an additional 34,746 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Excelerate Energy by 299.8% in the 3rd quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after purchasing an additional 20,113 shares in the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EE has been the subject of several research reports. Northland Securities upped their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Barclays boosted their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Stephens restated an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Excelerate Energy has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Trading Down 2.4 %

EE opened at $25.62 on Friday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 5.82 and a beta of 1.37. Excelerate Energy, Inc. has a one year low of $14.98 and a one year high of $32.99. The business has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $28.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is currently 19.20%.

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.