Short Interest in Excelerate Energy, Inc. (NYSE:EE) Increases By 8.0%

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

Excelerate Energy Trading Up 1.3 %

Shares of Excelerate Energy stock traded up $0.37 during trading on Tuesday, reaching $29.49. 187,650 shares of the company were exchanged, compared to its average volume of 197,337. The business has a 50-day moving average price of $30.55 and a 200-day moving average price of $25.73. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.96 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 has a twelve month low of $13.39 and a twelve month high of $32.99.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EE shares. Morgan Stanley reiterated an “underweight” rating and set a $29.00 target price (up from $25.00) on shares of Excelerate Energy in a research report on Friday, January 31st. Northland Securities increased their price objective on Excelerate Energy from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Stephens boosted their target price on Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a report on Tuesday, January 7th. Finally, Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.00.

Hedge Funds Weigh In On Excelerate Energy

Several institutional investors have recently modified their holdings of EE. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy in the 4th quarter valued at approximately $13,854,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Excelerate Energy in the third quarter worth $4,385,000. Wellington Management Group LLP bought a new position in shares of Excelerate Energy during the fourth quarter worth $5,921,000. Raymond James Financial Inc. acquired a new position in shares of Excelerate Energy in the 4th quarter valued at $5,510,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Excelerate Energy by 94.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 350,128 shares of the company’s stock valued at $10,591,000 after buying an additional 169,924 shares in the last quarter. 21.79% of the stock is currently owned by institutional investors and hedge funds.

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.