O Shaughnessy Asset Management LLC Takes $842,000 Position in Excelerate Energy, Inc. (NYSE:EE)

O Shaughnessy Asset Management LLC acquired a new position in shares of Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 27,842 shares of the company’s stock, valued at approximately $842,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TimesSquare Capital Management LLC purchased a new stake in Excelerate Energy during the 4th quarter worth about $13,854,000. Raymond James Financial Inc. acquired a new stake in shares of Excelerate Energy during the 4th quarter worth about $5,510,000. JPMorgan Chase & Co. lifted its stake in Excelerate Energy by 113.2% during the fourth quarter. JPMorgan Chase & Co. now owns 106,707 shares of the company’s stock worth $3,228,000 after purchasing an additional 56,661 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Excelerate Energy in the fourth quarter valued at approximately $1,622,000. Finally, Norges Bank purchased a new position in Excelerate Energy in the fourth quarter valued at approximately $1,128,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Shares of NYSE:EE opened at $25.18 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. Excelerate Energy, Inc. has a one year low of $14.98 and a one year high of $32.99. The company has a 50-day simple moving average of $29.12 and a 200-day simple moving average of $28.09. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 5.82 and a beta of 1.37.

Excelerate Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. Excelerate Energy’s dividend payout ratio (DPR) is currently 19.20%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EE shares. Morgan Stanley restated an “underweight” rating and set a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Wells Fargo & Company restated an “underweight” rating on shares of Excelerate Energy in a research note on Friday, March 28th. Northland Securities lifted their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Stephens restated an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. 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, the company currently has an average rating of “Hold” and an average target price of $31.17.

Excelerate Energy Company 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.