Short Interest in Excelerate Energy, Inc. (NYSE:EE) Grows By 15.5%

Excelerate Energy, Inc. (NYSE:EE) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 930,001 shares, a growth of 15.5% from the February 12th total of 805,066 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 523,071 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 523,071 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Trading of Excelerate Energy

Large investors have recently bought and sold shares of the business. Arax Advisory Partners raised its holdings in Excelerate Energy by 791.9% during the 4th quarter. Arax Advisory Partners now owns 883 shares of the company’s stock worth $25,000 after buying an additional 784 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Excelerate Energy during the third quarter worth $30,000. Global Retirement Partners LLC acquired a new stake in shares of Excelerate Energy during the fourth quarter worth $33,000. Aster Capital Management DIFC Ltd bought a new stake in Excelerate Energy in the 3rd quarter valued at $38,000. Finally, Essex Investment Management Co. LLC acquired a new position in Excelerate Energy in the 4th quarter worth $41,000. 21.79% of the stock is owned by institutional investors.

Excelerate Energy Trading Up 2.2%

EE traded up $0.73 during mid-day trading on Tuesday, hitting $34.59. The stock had a trading volume of 38,298 shares, compared to its average volume of 459,035. The stock’s fifty day simple moving average is $36.65 and its 200-day simple moving average is $30.02. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.06 and a beta of 1.34. Excelerate Energy has a 1-year low of $21.28 and a 1-year high of $43.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.43 and a quick ratio of 2.43.

Excelerate Energy (NYSE:EE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $317.57 million for the quarter, compared to analyst estimates of $293.49 million. Excelerate Energy had a return on equity of 4.12% and a net margin of 3.19%.The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. As a group, research analysts forecast that Excelerate Energy will post 1.16 EPS for the current fiscal year.

Excelerate Energy declared that its board has authorized a stock buyback plan on Thursday, December 11th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Excelerate Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%. Excelerate Energy’s dividend payout ratio (DPR) is currently 24.24%.

Analyst Upgrades and Downgrades

EE has been the topic of several analyst reports. Jefferies Financial Group increased their price objective on shares of Excelerate Energy from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Raymond James Financial raised Excelerate Energy from an “outperform” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research note on Monday, January 5th. Wells Fargo & Company raised their price target on Excelerate Energy from $29.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, February 27th. Tudor Pickering upgraded Excelerate Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Excelerate Energy in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Excelerate Energy Company Profile

Excelerate Energy (NYSE: EE) is a Houston‐based energy infrastructure company specializing in liquefied natural gas (LNG) solutions. The company develops, owns and operates floating regasification units (FSRUs) that convert shipped LNG into natural gas for delivery into existing pipeline networks. Excelerate Energy’s integrated platform also includes specialized LNG carriers, proprietary regasification technology and on‐shore support facilities, enabling rapid deployment of import terminals without extensive capital construction.

Founded in the early 2000s, Excelerate Energy pioneered the first FSRU in 2007, demonstrating the flexibility and cost advantages of floating LNG import infrastructure.