Excelerate Energy, Inc. (NYSE:EE) Short Interest Up 8.2% in September

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

Analyst Ratings Changes

EE has been the subject of a number of research analyst reports. Stephens reissued an “overweight” rating and issued a $21.00 target price on shares of Excelerate Energy in a research report on Tuesday, July 9th. Northland Securities upped their target price on Excelerate Energy from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company cut Excelerate Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $20.00 to $19.00 in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.00.

Institutional Trading of Excelerate Energy

A number of hedge funds have recently added to or reduced their stakes in EE. New York State Teachers Retirement System acquired a new stake in shares of Excelerate Energy in the 1st quarter valued at approximately $26,000. nVerses Capital LLC acquired a new stake in shares of Excelerate Energy in the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Excelerate Energy in the 1st quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Excelerate Energy in the 1st quarter valued at approximately $118,000. Finally, BOKF NA increased its stake in Excelerate Energy by 5.8% in the 1st quarter. BOKF NA now owns 12,700 shares of the company’s stock valued at $201,000 after purchasing an additional 700 shares in the last quarter. 21.79% of the stock is owned by institutional investors and hedge funds.

Excelerate Energy Stock Up 4.3 %

Excelerate Energy stock opened at $22.11 on Monday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $22.19. The stock has a 50 day moving average of $19.45 and a two-hundred day moving average of $18.05. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 21.89 and a beta of 1.29.

Excelerate Energy (NYSE:EE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). Excelerate Energy had a return on equity of 1.68% and a net margin of 3.40%. The company had revenue of $183.33 million for the quarter, compared to analyst estimates of $259.14 million. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, research analysts expect that Excelerate Energy will post 1.14 earnings per share for the current year.

Excelerate Energy Dividend Announcement

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

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.