Harvest Fund Management Co. Ltd Takes $1.62 Million Position in Excelerate Energy, Inc. (NYSE:EE)

Harvest Fund Management Co. Ltd acquired a new stake in Excelerate Energy, Inc. (NYSE:EE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 53,687 shares of the company’s stock, valued at approximately $1,622,000. Harvest Fund Management Co. Ltd owned about 0.05% of Excelerate Energy at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of Excelerate Energy by 28.9% in the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after buying an additional 409 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Excelerate Energy by 11.6% in the 4th quarter. SG Americas Securities LLC now owns 8,141 shares of the company’s stock valued at $246,000 after buying an additional 845 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Excelerate Energy in the 4th quarter valued at $27,000. Bailard Inc. raised its stake in Excelerate Energy by 15.7% in the 4th quarter. Bailard Inc. now owns 22,100 shares of the company’s stock valued at $669,000 after acquiring an additional 3,000 shares during the period. Finally, Verition Fund Management LLC raised its stake in Excelerate Energy by 27.8% in the 3rd quarter. Verition Fund Management LLC now owns 17,724 shares of the company’s stock valued at $390,000 after acquiring an additional 3,855 shares during the period. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Stock Up 1.8 %

EE stock opened at $28.87 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 5.82 and a beta of 1.39. The business’s fifty day moving average price is $29.84 and its two-hundred day moving average price is $27.17. Excelerate Energy, Inc. has a fifty-two week low of $14.94 and a fifty-two week high of $32.99.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s payout ratio is 19.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays increased their price target on Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Stephens restated an “overweight” rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Northland Securities increased their price target on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley restated an “underweight” rating and issued a $29.00 price target (up previously from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.