Bailard Inc. Has $669,000 Stock Holdings in Excelerate Energy, Inc. (NYSE:EE)

Bailard Inc. raised its position in Excelerate Energy, Inc. (NYSE:EE) by 15.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,100 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Bailard Inc.’s holdings in Excelerate Energy were worth $669,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in EE. TimesSquare Capital Management LLC purchased a new stake in Excelerate Energy during the fourth quarter valued at about $13,854,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Excelerate Energy during the third quarter worth $4,385,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Excelerate Energy by 40.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after acquiring an additional 52,007 shares in the last quarter. PDT Partners LLC lifted its position in shares of Excelerate Energy by 85.5% during the third quarter. PDT Partners LLC now owns 46,971 shares of the company’s stock worth $1,034,000 after acquiring an additional 21,645 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Excelerate Energy by 299.8% during the third quarter. Barclays PLC now owns 26,822 shares of the company’s stock worth $591,000 after acquiring an additional 20,113 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Down 2.2 %

Shares of EE opened at $30.02 on Tuesday. The firm’s 50 day simple moving average is $30.27 and its 200 day simple moving average is $26.44. The company has a market capitalization of $3.19 billion, a P/E ratio of 30.32, a P/E/G ratio of 5.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.12 and a quick ratio of 4.12. Excelerate Energy, Inc. has a 1-year low of $14.88 and a 1-year high of $32.99.

Excelerate Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be given 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 yield of 0.80%. Excelerate Energy’s payout ratio is 19.20%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays increased their target price on Excelerate Energy from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday. Northland Securities increased their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $31.00 price target (up from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Morgan Stanley reiterated an “underweight” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Finally, Stephens reiterated an “overweight” rating and issued a $36.00 price objective on shares of Excelerate Energy in a research report on Monday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Excelerate Energy presently has a consensus rating of “Hold” and a consensus price target of $31.17.

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.