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Excelerate Energy, Inc. (NYSE:EE) Short Interest Update

Financial News Live · Oct 4, 2022 12:11

Excelerate Energy, Inc. (NYSE:EE – Get Rating) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 1,410,000 shares, a growth of 7.6% from the August 31st total of 1,310,000 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average trading volume of 559,600 shares, the days-to-cover ratio is presently 2.5 days.

Analysts Set New Price Targets

Several brokerages have recently commented on EE. Barclays lifted their price target on shares of Excelerate Energy to $30.00 in a research report on Monday, August 15th. Wells Fargo & Company raised shares of Excelerate Energy from an "equal weight" rating to an "overweight" rating and set a $29.00 price target on the stock in a research note on Tuesday, July 5th. Finally, StockNews.com upgraded shares of Excelerate Energy from a "sell" rating to a "hold" rating in a report on Friday, August 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of 31.50.

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Hedge Funds Weigh In On Excelerate Energy

A number of institutional investors and hedge funds have recently modified their holdings of EE. Strs Ohio bought a new position in shares of Excelerate Energy in the 2nd quarter worth $85,000. Cincinnati Insurance Co. purchased a new stake in shares of Excelerate Energy during the 2nd quarter valued at $94,000. American International Group Inc. purchased a new stake in shares of Excelerate Energy during the 2nd quarter valued at $173,000. Point72 Hong Kong Ltd purchased a new stake in shares of Excelerate Energy during the 2nd quarter valued at $183,000. Finally, Jane Street Group LLC purchased a new stake in Excelerate Energy in the 2nd quarter worth about $258,000. 30.98% of the stock is currently owned by institutional investors.

Excelerate Energy Stock Up 3.0 %

Shares of Excelerate Energy stock traded up 0.74 on Tuesday, hitting 25.42. The stock had a trading volume of 4,353 shares, compared to its average volume of 719,595. The stock has a 50 day moving average of 24.83 and a 200 day moving average of 30.37. Excelerate Energy has a twelve month low of 18.31 and a twelve month high of 30.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.13 and a current ratio of 2.35.

Excelerate Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, August 18th.

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.