Nuveen Asset Management LLC Has $8.78 Million Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Nuveen Asset Management LLC raised its stake in Excelerate Energy, Inc. (NYSE:EE – Get Rating) by 2.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 375,157 shares of the company’s stock after purchasing an additional 7,431 shares during the quarter. Nuveen Asset Management LLC’s holdings in Excelerate Energy were worth $8,778,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Lee Financial Co grew its position in Excelerate Energy by 500.0% in the third quarter. Lee Financial Co now owns 1,080 shares of the company’s stock worth $25,000 after acquiring an additional 900 shares in the last quarter. Gunderson Capital Management Inc. boosted its holdings in shares of Excelerate Energy by 1.8% during the 3rd quarter. Gunderson Capital Management Inc. now owns 58,632 shares of the company’s stock worth $1,372,000 after buying an additional 1,017 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Excelerate Energy by 3.6% during the 3rd quarter. Chartwell Investment Partners LLC now owns 53,920 shares of the company’s stock worth $1,262,000 after buying an additional 1,896 shares during the period. Quantbot Technologies LP bought a new stake in shares of Excelerate Energy during the 3rd quarter worth $45,000. Finally, Ellevest Inc. bought a new stake in shares of Excelerate Energy during the 3rd quarter worth $60,000. 21.24% of the stock is owned by institutional investors.

Excelerate Energy Stock Down 4.2 %

Shares of Excelerate Energy stock opened at $20.51 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 1.32. Excelerate Energy, Inc. has a fifty-two week low of $18.31 and a fifty-two week high of $31.13. The firm has a fifty day moving average price of $22.89 and a two-hundred day moving average price of $24.97.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased their price objective on shares of Excelerate Energy from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Excelerate Energy has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Excelerate Energy Company Profile

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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.