Sterling Capital Management LLC Boosts Stock Position in Excelerate Energy, Inc. (NYSE:EE)

Sterling Capital Management LLC raised its stake in shares of Excelerate Energy, Inc. (NYSE:EE) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,119 shares of the company’s stock after buying an additional 494 shares during the quarter. Sterling Capital Management LLC’s holdings in Excelerate Energy were worth $518,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Excelerate Energy in the 4th quarter worth approximately $27,000. Pictet Asset Management Holding SA bought a new position in shares of Excelerate Energy during the fourth quarter valued at $174,000. Cable Hill Partners LLC purchased a new stake in shares of Excelerate Energy during the fourth quarter valued at $202,000. KLP Kapitalforvaltning AS bought a new stake in Excelerate Energy in the 4th quarter worth about $212,000. Finally, Intech Investment Management LLC bought a new position in Excelerate Energy during the 4th quarter valued at about $220,000. 21.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EE has been the subject of several research reports. Wells Fargo & Company reissued an “underweight” rating on shares of Excelerate Energy in a report on Friday, March 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Morgan Stanley reiterated 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. Barclays upped their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Excelerate Energy in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Excelerate Energy currently has a consensus rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Trading Down 0.6 %

Excelerate Energy stock opened at $26.50 on Friday. Excelerate Energy, Inc. has a 12-month low of $15.33 and a 12-month high of $32.99. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 5.82 and a beta of 1.37. The firm has a 50 day moving average of $28.21 and a 200 day moving average of $28.26. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 12th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. Excelerate Energy’s payout ratio is 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.