Excelerate Energy, Inc. (NYSE:EE) Sees Significant Decrease in Short Interest

Excelerate Energy, Inc. (NYSE:EE) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 827,500 shares, a decline of 11.6% from the October 31st total of 935,800 shares. Based on an average daily volume of 243,400 shares, the short-interest ratio is presently 3.4 days. Currently, 3.4% of the company’s shares are sold short.

Excelerate Energy Trading Up 0.3 %

Shares of NYSE:EE traded up $0.10 during mid-day trading on Tuesday, hitting $30.23. The company had a trading volume of 153,375 shares, compared to its average volume of 217,800. The company has a market capitalization of $3.21 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. Excelerate Energy has a one year low of $13.38 and a one year high of $31.89. The firm has a fifty day moving average price of $25.39 and a 200 day moving average price of $21.04. 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 (NYSE:EE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million for the quarter, compared to analyst estimates of $194.09 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. During the same period last year, the firm earned $0.40 earnings per share. As a group, research analysts forecast that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.06 per share. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.03. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 20th. Excelerate Energy’s dividend payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Excelerate Energy

Several institutional investors have recently added to or reduced their stakes in EE. nVerses Capital LLC purchased a new position in Excelerate Energy in the second quarter worth $26,000. Quarry LP raised its holdings in shares of Excelerate Energy by 28.9% during 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Excelerate Energy during the first quarter valued at about $38,000. Quantbot Technologies LP purchased a new position in shares of Excelerate Energy in the 3rd quarter valued at approximately $94,000. Finally, US Bancorp DE bought a new position in shares of Excelerate Energy in the 3rd quarter worth about $130,000. 21.79% of the stock is owned by hedge funds and other institutional investors.

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.