Short Interest in Excelerate Energy, Inc. (NYSE:EE) Decreases By 5.3%

Excelerate Energy, Inc. (NYSE:EEGet Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 1,260,000 shares, a drop of 5.3% from the December 15th total of 1,330,000 shares. Based on an average daily volume of 405,900 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.8% of the company’s shares are short sold.

Excelerate Energy Stock Performance

Shares of EE stock opened at $23.99 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.78. Excelerate Energy has a 52 week low of $18.31 and a 52 week high of $31.13. The company has a market capitalization of $2.60 billion and a P/E ratio of 19.35. The company’s 50 day moving average price is $26.33 and its two-hundred day moving average price is $25.06.

Excelerate Energy (NYSE:EEGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.17. The business had revenue of $803.26 million during the quarter, compared to analyst estimates of $260.80 million. On average, analysts expect that Excelerate Energy will post 0.69 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Investors of record on Tuesday, November 22nd were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, November 21st. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Excelerate Energy’s dividend payout ratio is presently 8.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EE. Morgan Stanley raised their target price on shares of Excelerate Energy from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 26th. upgraded shares of Excelerate Energy from a “sell” rating to a “hold” rating in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.67.

Hedge Funds Weigh In On Excelerate Energy

Several hedge funds and other institutional investors have recently made changes to their positions in EE. Lee Financial Co grew its stake in shares of Excelerate Energy by 500.0% in the third quarter. Lee Financial Co now owns 1,080 shares of the company’s stock valued at $25,000 after buying an additional 900 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in Excelerate Energy during the fourth quarter worth $25,000. Quantbot Technologies LP bought a new position in Excelerate Energy during the third quarter worth $45,000. Ellevest Inc. bought a new position in Excelerate Energy during the third quarter worth $60,000. Finally, Cowa LLC bought a new position in Excelerate Energy during the third quarter worth $70,000. 21.24% of the stock is owned by institutional investors.

Excelerate Energy Company Profile

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Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers floating regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; natural gas supply to-power projects; and a suite of smaller-scale gas distribution solutions.

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