Excelerate Energy, Inc. (NYSE:EE) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in Excelerate Energy, Inc. (NYSE:EE) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,779 shares of the company’s stock after buying an additional 2,957 shares during the period. Barclays PLC’s holdings in Excelerate Energy were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC purchased a new position in shares of Excelerate Energy during the 4th quarter worth $13,854,000. Renaissance Technologies LLC raised its stake in Excelerate Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 358,219 shares of the company’s stock worth $10,836,000 after purchasing an additional 44,400 shares during the period. Wellington Management Group LLP purchased a new position in Excelerate Energy during the fourth quarter worth about $5,921,000. Raymond James Financial Inc. acquired a new position in Excelerate Energy in the 4th quarter valued at about $5,510,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Excelerate Energy by 113.2% in the 4th quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company’s stock valued at $3,228,000 after buying an additional 56,661 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Up 0.0 %

NYSE EE opened at $25.74 on Tuesday. 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 firm has a market cap of $2.73 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 5.82 and a beta of 1.39. The firm has a 50 day simple moving average of $27.51 and a 200-day simple moving average of $28.59. Excelerate Energy, Inc. has a one year low of $16.70 and a one year high of $32.99.

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 paid a $0.06 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.93%. Excelerate Energy’s dividend payout ratio (DPR) is 19.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley restated an “underweight” rating and issued a $29.00 target price (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. Finally, Barclays increased their target price 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. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Excelerate Energy has an average rating of “Hold” and an average price target of $31.17.

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.