Counterpoint Mutual Funds LLC Invests $473,000 in Excelerate Energy, Inc. (NYSE:EE)

Counterpoint Mutual Funds LLC bought a new position in Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,642 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TimesSquare Capital Management LLC purchased a new stake in Excelerate Energy during the 4th quarter valued at about $13,854,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Excelerate Energy during the 3rd quarter valued at about $4,385,000. Raymond James Financial Inc. purchased a new stake in Excelerate Energy during the 4th quarter valued at about $5,510,000. Jacobs Levy Equity Management Inc. grew its position in Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock valued at $3,966,000 after purchasing an additional 52,007 shares during the last quarter. Finally, Algert Global LLC grew its position in Excelerate Energy by 13.7% during the 3rd quarter. Algert Global LLC now owns 118,093 shares of the company’s stock valued at $2,599,000 after purchasing an additional 14,253 shares during the last quarter. 21.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley reissued an “underweight” rating and set a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Northland Securities raised their price target on shares of Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Stephens reaffirmed an “overweight” rating and set a $36.00 price target on shares of Excelerate Energy in a report on Monday, March 3rd. Barclays raised their price target on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.17.

Excelerate Energy Trading Up 0.2 %

Shares of EE stock opened at $28.38 on Tuesday. Excelerate Energy, Inc. has a 1 year low of $14.94 and a 1 year high of $32.99. The firm has a fifty day moving average price of $29.88 and a 200-day moving average price of $27.09. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 5.82 and a beta of 1.39. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 0.85%. Excelerate Energy’s dividend payout ratio (DPR) is presently 19.20%.

Excelerate Energy 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.