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

Excelerate Energy, Inc. (NYSE:EE) saw a significant 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. Based on an average daily volume of 243,400 shares, the short-interest ratio is presently 3.4 days. Approximately 3.4% of the shares of the company are short sold.

Excelerate Energy Stock Performance

Shares of Excelerate Energy stock traded up $0.10 during trading on Tuesday, hitting $30.23. 153,375 shares of the stock were exchanged, compared to its average volume of 217,800. The stock’s fifty day moving average is $25.39 and its 200 day moving average is $21.04. The stock has a market cap of $3.21 billion, a PE ratio of 30.54, a P/E/G ratio of 2.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12. Excelerate Energy has a 12 month low of $13.38 and a 12 month high of $31.89.

Excelerate Energy (NYSE:EE) last announced its earnings results on Wednesday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $193.42 million during 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 quarter in the prior year, the firm posted $0.40 EPS. As a group, sell-side analysts anticipate that Excelerate Energy will post 1.23 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently disclosed 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 a positive change from Excelerate Energy’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, November 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. Excelerate Energy’s dividend payout ratio (DPR) is 24.24%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays increased their target price 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. Stephens increased their target price on shares of Excelerate Energy from $21.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Northland Securities increased their target price 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. Morgan Stanley increased their target price on shares of Excelerate Energy from $23.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company increased their target price on shares of Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Excelerate Energy has a consensus rating of “Hold” and an average target price of $25.67.

Hedge Funds Weigh In On Excelerate Energy

Large investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Excelerate Energy during the second quarter valued at about $26,000. Quarry LP lifted its stake in 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 buying an additional 409 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Excelerate Energy during the first quarter valued at about $38,000. Quantbot Technologies LP purchased a new stake in Excelerate Energy during the third quarter valued at about $94,000. Finally, US Bancorp DE purchased a new stake in Excelerate Energy during the third quarter valued at about $130,000. Institutional investors own 21.79% of the company’s stock.

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.