Legacy Capital Group California Inc. Makes New $414,000 Investment in Excelerate Energy, Inc. (NYSE:EE)

Legacy Capital Group California Inc. bought a new stake in Excelerate Energy, Inc. (NYSE:EE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,688 shares of the company’s stock, valued at approximately $414,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its stake in shares of Excelerate Energy by 28.9% during the third quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the period. Quantbot Technologies LP acquired a new position in shares of Excelerate Energy during the 3rd quarter worth about $94,000. US Bancorp DE bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $130,000. SG Americas Securities LLC bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $161,000. Finally, Janus Henderson Group PLC acquired a new stake in shares of Excelerate Energy in the 3rd quarter valued at approximately $200,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays upped their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price objective (up previously from $22.00) on shares of Excelerate Energy in a research report on Tuesday, January 7th. Stephens lifted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Northland Securities boosted their target price 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, Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.00.

Excelerate Energy Price Performance

Shares of NYSE EE opened at $28.29 on Friday. The company has a fifty day moving average price of $30.38 and a 200 day moving average price of $25.92. Excelerate Energy, Inc. has a 1-year low of $13.39 and a 1-year high of $32.99. The firm has a market cap of $3.01 billion, a PE ratio of 28.58, a PEG ratio of 1.95 and a beta of 1.41. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.85%. Excelerate Energy’s payout ratio is presently 24.24%.

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.