Oppenheimer & Co. Inc. Takes $210,000 Position in Excelerate Energy, Inc. (NYSE:EE)

Oppenheimer & Co. Inc. bought a new stake in Excelerate Energy, Inc. (NYSE:EE – Get Rating) during the third quarter, HoldingsChannel.com reports. The fund bought 8,966 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ellevest Inc. bought a new stake in shares of Excelerate Energy in the 3rd quarter valued at about $60,000. Driehaus Capital Management LLC bought a new stake in shares of Excelerate Energy in the 2nd quarter valued at about $7,252,000. CWM LLC raised its holdings in Excelerate Energy by 33,240.0% in the 3rd quarter. CWM LLC now owns 3,334 shares of the company’s stock valued at $78,000 after acquiring an additional 3,324 shares during the period. George Kaiser Family Foundation bought a new position in Excelerate Energy in the 2nd quarter valued at about $156,455,000. Finally, Oak Ridge Investments LLC bought a new position in Excelerate Energy in the 3rd quarter valued at about $2,640,000. 21.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

EE has been the topic of several research analyst reports. StockNews.com raised shares of Excelerate Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Morgan Stanley lowered their price target on shares of Excelerate Energy from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Excelerate Energy Trading Down 0.1 %

Shares of NYSE:EE opened at $21.14 on Tuesday. The company’s 50 day moving average price is $23.67 and its two-hundred day moving average price is $25.21. Excelerate Energy, Inc. has a 12-month low of $18.31 and a 12-month high of $31.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.78.

About Excelerate Energy

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Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.