Excelerate Energy, Inc. (NYSE:EE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in shares of Excelerate Energy, Inc. (NYSE:EE) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,510 shares of the company’s stock after selling 4,870 shares during the period. Alliancebernstein L.P.’s holdings in Excelerate Energy were worth $741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays lifted their target price on shares of Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $36.00 price target on shares of Excelerate Energy in a research note on Monday, March 3rd. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Excelerate Energy in a research report on Friday, March 28th. Morgan Stanley restated an “underweight” rating and set a $29.00 price target (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $31.00 target price (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.17.

Excelerate Energy Trading Down 0.6 %

EE opened at $26.50 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 5.82 and a beta of 1.37. The business has a fifty day moving average price of $28.13 and a 200 day moving average price of $28.32. Excelerate Energy, Inc. has a 12 month low of $16.15 and a 12 month high of $32.99.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 12th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.91%. Excelerate Energy’s dividend payout ratio is currently 19.20%.

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.