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

Excelerate Energy, Inc. (NYSE:EE) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 558,800 shares, a decrease of 6.7% from the March 15th total of 598,800 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 217,800 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Northland Securities began coverage on shares of Excelerate Energy in a research report on Monday, February 26th. They issued an “outperform” rating and a $23.00 price target for the company. StockNews.com raised Excelerate Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. Morgan Stanley decreased their price target on Excelerate Energy from $30.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th. Finally, Raymond James dropped their price objective on Excelerate Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Excelerate Energy has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Trading of Excelerate Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chilton Capital Management LLC bought a new stake in Excelerate Energy during the 1st quarter worth about $41,000. Qube Research & Technologies Ltd acquired a new position in Excelerate Energy during the third quarter valued at approximately $66,000. Tower Research Capital LLC TRC grew its stake in Excelerate Energy by 295.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,503 shares of the company’s stock valued at $70,000 after purchasing an additional 3,365 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Excelerate Energy during the 1st quarter worth approximately $78,000. Finally, SG Americas Securities LLC bought a new stake in shares of Excelerate Energy during the 4th quarter worth approximately $108,000. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Trading Up 1.5 %

Shares of NYSE EE opened at $15.36 on Thursday. Excelerate Energy has a twelve month low of $13.38 and a twelve month high of $23.14. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 14.91 and a beta of 1.41. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.38. The company’s fifty day moving average is $15.15 and its 200-day moving average is $15.54.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). Excelerate Energy had a net margin of 2.62% and a return on equity of 1.83%. The business had revenue of $240.06 million during the quarter, compared to analyst estimates of $265.31 million. Equities research analysts predict that Excelerate Energy will post 1.1 EPS for the current year.

Excelerate Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, March 12th. Excelerate Energy’s payout ratio is 9.71%.

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.