Harvest Fund Management Co. Ltd Buys Shares of 53,687 Excelerate Energy, Inc. (NYSE:EE)

Harvest Fund Management Co. Ltd bought a new stake in Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,687 shares of the company’s stock, valued at approximately $1,622,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Excelerate Energy in the fourth quarter valued at about $27,000. Quarry LP grew its position in Excelerate Energy by 28.9% in the third quarter. Quarry LP now owns 1,822 shares of the company’s stock valued at $40,000 after acquiring an additional 409 shares during the last quarter. Quantbot Technologies LP bought a new position in Excelerate Energy in the third quarter valued at about $94,000. Cable Hill Partners LLC bought a new position in Excelerate Energy in the fourth quarter valued at about $202,000. Finally, Intech Investment Management LLC bought a new position in Excelerate Energy in the fourth quarter valued at about $220,000. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Price Performance

Excelerate Energy stock opened at $28.87 on Thursday. The stock’s 50 day moving average is $29.84 and its 200 day moving average is $27.17. 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 firm has a market cap of $3.06 billion, a P/E ratio of 29.16, a P/E/G ratio of 5.82 and a beta of 1.39. Excelerate Energy, Inc. has a one year low of $14.94 and a one year high of $32.99.

Excelerate Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 12th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, March 12th. Excelerate Energy’s dividend payout ratio is currently 19.20%.

Analysts Set New Price Targets

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

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.