Los Angeles Capital Management LLC Reduces Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Los Angeles Capital Management LLC lessened its position in shares of Excelerate Energy, Inc. (NYSE:EE) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,645 shares of the company’s stock after selling 14,428 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Excelerate Energy were worth $1,381,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Excelerate Energy by 34.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock valued at $1,102,000 after purchasing an additional 12,802 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Excelerate Energy in the 4th quarter valued at about $580,000. Barclays PLC lifted 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 valued at $591,000 after buying an additional 20,113 shares during the period. PDT Partners LLC lifted its holdings in shares of Excelerate Energy by 85.5% in the 3rd quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock valued at $1,034,000 after buying an additional 21,645 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Excelerate Energy in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 21.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Securities boosted their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Morgan Stanley reissued an “underweight” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a report on Friday, January 31st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens upped their price target on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.17.

Excelerate Energy Trading Up 4.1 %

Shares of Excelerate Energy stock opened at $30.61 on Friday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 5.82 and a beta of 1.41. Excelerate Energy, Inc. has a fifty-two week low of $13.80 and a fifty-two week high of $32.99. 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 stock has a 50 day moving average of $30.27 and a 200 day moving average of $26.27.

Excelerate Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be given a $0.06 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 annualized dividend and a yield of 0.78%. Excelerate Energy’s payout ratio is 24.24%.

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.