Short Interest in Excelerate Energy, Inc. (NYSE:EE) Rises By 20.0%

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,740,000 shares, a growth of 20.0% from the April 30th total of 1,450,000 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 481,100 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On Excelerate Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Excelerate Energy during the fourth quarter worth about $27,000. Aquatic Capital Management LLC acquired a new position in Excelerate Energy during the fourth quarter worth about $33,000. New York State Teachers Retirement System boosted its position in Excelerate Energy by 1,467.0% during the first quarter. New York State Teachers Retirement System now owns 1,567 shares of the company's stock worth $45,000 after acquiring an additional 1,467 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Excelerate Energy by 28.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,791 shares of the company's stock worth $54,000 after acquiring an additional 400 shares during the last quarter. Finally, Quarry LP boosted its position in Excelerate Energy by 89.6% during the first quarter. Quarry LP now owns 1,997 shares of the company's stock worth $57,000 after acquiring an additional 944 shares during the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EE has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Excelerate Energy in a report on Friday, March 28th. Wall Street Zen cut shares of Excelerate Energy from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on shares of Excelerate Energy in a report on Thursday. They issued a "buy" rating and a $39.00 price objective for the company. Stephens reaffirmed an "overweight" rating and issued a $36.00 price objective on shares of Excelerate Energy in a report on Monday, March 3rd. Finally, Barclays lifted their price objective on shares of Excelerate Energy from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $32.29.

Excelerate Energy Price Performance

Shares of NYSE EE traded up $0.62 during trading on Friday, hitting $31.59. The company had a trading volume of 307,495 shares, compared to its average volume of 290,358. The stock has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $29.14. Excelerate Energy has a fifty-two week low of $16.75 and a fifty-two week high of $32.99. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 5.82 and a beta of 1.41. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy (NYSE:EE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $315.09 million for the quarter, compared to analyst estimates of $207.87 million. Excelerate Energy had a net margin of 3.14% and a return on equity of 1.39%. Excelerate Energy's revenue was up 14.8% compared to the same quarter last year. On average, research analysts expect that Excelerate Energy will post 1.16 earnings per share for the current year.

Excelerate Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Wednesday, May 21st were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. Excelerate Energy's payout ratio is presently 16.33%.

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.