Excelerate Energy, Inc. (NYSE:EE) Short Interest Down 6.7% in March

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 558,800 shares, a decline of 6.7% from the March 15th total of 598,800 shares. Based on an average trading volume of 217,800 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.2% of the company's stock are short sold.

Excelerate Energy Price Performance

EE stock traded down $0.17 during trading on Tuesday, reaching $15.13. The company's stock had a trading volume of 228,692 shares, compared to its average volume of 218,831. Excelerate Energy has a 1 year low of $13.38 and a 1 year high of $23.74. 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 has a market capitalization of $1.64 billion, a P/E ratio of 14.69 and a beta of 1.41. The company's fifty day moving average is $15.12 and its 200-day moving average is $15.54.

Excelerate Energy (NYSE:EE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.03). Excelerate Energy had a return on equity of 1.83% and a net margin of 2.62%. The business had revenue of $240.06 million during the quarter, compared to analysts' expectations of $265.31 million. On average, research analysts expect that Excelerate Energy will post 1.1 earnings per share for the current fiscal year.

Excelerate Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is presently 9.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Chilton Capital Management LLC bought a new position in shares of Excelerate Energy in the 1st quarter valued at about $41,000. Qube Research & Technologies Ltd bought a new stake in Excelerate Energy in the third quarter worth about $66,000. Tower Research Capital LLC TRC lifted 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 worth $70,000 after purchasing an additional 3,365 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Excelerate Energy in the first quarter worth about $78,000. Finally, SG Americas Securities LLC bought a new stake in Excelerate Energy in the fourth quarter worth about $108,000. Institutional investors own 21.79% of the company's stock.

Analyst Upgrades and Downgrades

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

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.