Excelerate Energy, Inc. (NYSE:EE) Short Interest Up 8.0% in January

Excelerate Energy, Inc. (NYSE:EE - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 943,600 shares, an increase of 8.0% from the January 15th total of 874,000 shares. Currently, 4.0% of the company's stock are short sold. Based on an average daily volume of 239,900 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EE shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $31.00 price objective (up from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays increased their price objective on Excelerate Energy from $26.00 to $31.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Morgan Stanley reissued an "underweight" rating and issued a $29.00 price objective (up from $25.00) on shares of Excelerate Energy in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on Excelerate Energy from $19.00 to $22.00 and gave the company an "underweight" rating in a research report on Tuesday, November 12th. Finally, Stephens increased their price target on Excelerate Energy from $28.00 to $36.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Excelerate Energy presently has a consensus rating of "Hold" and a consensus price target of $31.00.

Excelerate Energy Stock Performance

NYSE EE traded down $1.16 on Friday, hitting $28.29. 242,207 shares of the stock traded hands, compared to its average volume of 195,559. The business's fifty day moving average is $30.38 and its two-hundred day moving average is $25.92. Excelerate Energy has a 12 month low of $13.39 and a 12 month high of $32.99. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.12 and a current ratio of 4.12.

Excelerate Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, March 12th. Excelerate Energy's dividend payout ratio (DPR) is 24.24%.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors and hedge funds have recently bought and sold shares of EE. SG Americas Securities LLC bought a new position in shares of Excelerate Energy in the third quarter worth $161,000. US Bancorp DE bought a new position in shares of Excelerate Energy in the third quarter worth $130,000. Van ECK Associates Corp boosted its holdings in shares of Excelerate Energy by 111.7% in the third quarter. Van ECK Associates Corp now owns 16,197 shares of the company's stock worth $380,000 after acquiring an additional 8,547 shares during the period. Victory Capital Management Inc. bought a new position in shares of Excelerate Energy in the third quarter worth $214,000. Finally, Algert Global LLC boosted its holdings in shares of Excelerate Energy by 13.7% in the third quarter. Algert Global LLC now owns 118,093 shares of the company's stock worth $2,599,000 after acquiring an additional 14,253 shares during the period. 21.79% of the stock is owned by institutional investors.

About Excelerate Energy

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.