Excelerate Energy, Inc. (NYSE:EE) Short Interest Update

Excelerate Energy, Inc. (NYSE:EE) was the target of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 827,500 shares, a decrease of 11.6% from the October 31st total of 935,800 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 243,400 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Trading of Excelerate Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Excelerate Energy in the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of Excelerate Energy during the 1st quarter valued at $38,000. Quarry LP boosted its position in Excelerate Energy by 28.9% during the 3rd quarter. Quarry LP now owns 1,822 shares of the company’s stock worth $40,000 after purchasing an additional 409 shares during the period. Quantbot Technologies LP acquired a new stake in Excelerate Energy in the 3rd quarter valued at $94,000. Finally, US Bancorp DE purchased a new position in Excelerate Energy in the third quarter valued at about $130,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays raised their price objective on shares of Excelerate Energy from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley boosted their target price on Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Wells Fargo & Company raised their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, November 12th. Stephens boosted their price objective on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Northland Securities raised their target price on shares of Excelerate Energy from $25.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.67.

Excelerate Energy Trading Up 0.9 %

Shares of EE traded up $0.28 on Friday, hitting $30.97. 138,272 shares of the stock traded hands, compared to its average volume of 297,502. The firm has a market capitalization of $3.29 billion, a P/E ratio of 31.28, a P/E/G ratio of 2.25 and a beta of 1.28. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $31.89. The stock’s 50 day moving average is $25.05 and its two-hundred day moving average is $20.88.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Excelerate Energy had a return on equity of 1.39% and a net margin of 3.14%. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. During the same period last year, the company earned $0.40 EPS. As a group, sell-side analysts predict that Excelerate Energy will post 1.23 earnings per share for the current year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.77%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s payout ratio is presently 24.24%.

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.