Excelerate Energy, Inc. (NYSE:EE) Sees Large Growth in Short Interest

Excelerate Energy, Inc. (NYSE:EE) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 903,600 shares, a growth of 8.2% from the August 31st total of 835,200 shares. Based on an average daily trading volume, of 207,100 shares, the days-to-cover ratio is presently 4.4 days. Approximately 3.7% of the company’s shares are short sold.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Securities boosted their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Stephens reiterated an “overweight” rating and issued a $21.00 price objective on shares of Excelerate Energy in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company lowered Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $19.00 in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.00.

Institutional Investors Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EE. New York State Teachers Retirement System bought a new stake in shares of Excelerate Energy during the 1st quarter worth approximately $26,000. nVerses Capital LLC bought a new stake in shares of Excelerate Energy during the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio bought a new stake in shares of Excelerate Energy during the 1st quarter worth approximately $38,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Excelerate Energy during the 1st quarter worth approximately $118,000. Finally, BOKF NA raised its stake in shares of Excelerate Energy by 5.8% during the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock worth $201,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 21.79% of the company’s stock.

Excelerate Energy Trading Up 1.8 %

NYSE EE opened at $22.40 on Wednesday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 22.18 and a beta of 1.29. The stock’s 50 day moving average price is $19.54 and its two-hundred day moving average price is $18.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.43 and a current ratio of 3.43. Excelerate Energy has a 52 week low of $13.38 and a 52 week high of $22.60.

Excelerate Energy (NYSE:EE) last released its earnings results on Wednesday, August 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The firm had revenue of $183.33 million during the quarter, compared to the consensus estimate of $259.14 million. Excelerate Energy had a net margin of 3.40% and a return on equity of 1.68%. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, analysts anticipate that Excelerate Energy will post 1.14 earnings per share for the current fiscal year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.45%. The ex-dividend date was Wednesday, August 21st. Excelerate Energy’s payout ratio is 9.90%.

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.