TimesSquare Capital Management LLC Buys Shares of 457,998 Excelerate Energy, Inc. (NYSE:EE)

TimesSquare Capital Management LLC bought a new stake in Excelerate Energy, Inc. (NYSE:EE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 457,998 shares of the company’s stock, valued at approximately $13,854,000.

A number of other large investors also recently bought and sold shares of EE. JPMorgan Chase & Co. increased its stake in Excelerate Energy by 34.4% during the third quarter. JPMorgan Chase & Co. now owns 50,046 shares of the company’s stock worth $1,102,000 after purchasing an additional 12,802 shares during the period. Ritholtz Wealth Management purchased a new stake in Excelerate Energy during the fourth quarter worth about $580,000. Barclays PLC increased its stake in 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 purchasing an additional 20,113 shares during the period. PDT Partners LLC increased its stake in 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 purchasing an additional 21,645 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in Excelerate Energy during the third quarter worth about $214,000. Institutional investors and hedge funds own 21.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on EE. Barclays boosted their price target on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Stephens upped their target price on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 12th. Northland Securities upped their target price on shares of Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. 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 research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.00.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock opened at $29.74 on Thursday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 30.04, a P/E/G ratio of 1.90 and a beta of 1.41. Excelerate Energy, Inc. has a 52 week low of $13.39 and a 52 week high of $32.99. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $30.49 and its two-hundred day moving average is $25.82.

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.