Teacher Retirement System of Texas Sells 456 Shares of Excelerate Energy, Inc. (NYSE:EE)

Teacher Retirement System of Texas trimmed its position in Excelerate Energy, Inc. (NYSE:EE) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,605 shares of the company’s stock after selling 456 shares during the period. Teacher Retirement System of Texas’ holdings in Excelerate Energy were worth $2,408,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Excelerate Energy in the fourth quarter valued at approximately $27,000. Quarry LP lifted 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 worth $40,000 after purchasing an additional 409 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Excelerate Energy in the 3rd quarter valued at $94,000. Cable Hill Partners LLC bought a new stake in Excelerate Energy during the 4th quarter valued at $202,000. Finally, Intech Investment Management LLC acquired a new position in Excelerate Energy during the fourth quarter worth $220,000. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $31.32 on Thursday. The business’s fifty day simple moving average is $29.85 and its 200 day simple moving average is $27.60. 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, Inc. has a 12 month low of $14.94 and a 12 month high of $32.99. The firm has a market capitalization of $3.32 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 5.82 and a beta of 1.39.

Excelerate Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio (DPR) is currently 19.20%.

Analyst Ratings Changes

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