Top investors say Excelerate Energy Inc. (EE) ticks everything they need

Excelerate Energy Inc. (NYSE: EE) stock jumped 9.64% on Wednesday to $24.68 against a previous-day closing price of $22.51. With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.51 million shares. During the session, the Utilities – Regulated Electric company that operates in wider Utilities sector, reached to the highest price of $24.94 whereas the lowest price it dropped to was $22.84. The 52-week range on EE shows that it touched its highest point at $30.82 and its lowest point at $18.31 during that stretch. It currently has a 1-year price target of $31.43. With its current market cap of 2.88 billion, EE has annualized dividend of $0.10 while the current yield stands at 0.41%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EE was down-trending over the past week, with a drop of -3.22%, but this was down by -10.90% over a month. A look at the trailing 12-month EPS for EE yields 1.49 with Next year EPS estimates of 1.70. For the next quarter, that number is 0.30. This implies an EPS growth rate of 6.10% for this year and 86.51% for next year.

Float and Shares Shorts:

At present, 108.28 million EE shares are outstanding with a float of 25.77 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.27 million, which was 4.82% higher than short shares on Jun 14, 2022. In addition to Mr. Steven M. Kobos as the firm’s Pres, CEO & Director, Ms. Alisa Newman Hood serves as its Exec. VP, Gen. Counsel & Sec.

Institutional Ownership:

Through their ownership of 61.33% of EE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 68.00% of EE, in contrast to 29.89% held by mutual funds. Shares owned by individuals account for 0.04%. As the largest shareholder in EE with 29.92% of the stake, George Kaiser Family Foundation holds 7,854,167 shares worth 7,854,167. A second-largest stockholder of EE, The Vanguard Group, Inc., holds 1,612,147 shares, controlling over 6.14% of the firm’s shares. BlackRock Advisors LLC is the third largest shareholder in EE, holding 1,516,667 shares or 5.78% stake. With a 3.82% stake in EE, the American Century Heritage Fund is the largest stakeholder. A total of 1,003,797 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.05% of EE stock, is the second-largest Mutual Fund holder. It holds 539,249 shares valued at 13.85 million. Vanguard Small Cap Index Fund holds 1.78% of the stake in EE, owning 467,902 shares worth 12.02 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EE since 8 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EE analysts setting a high price target of $36.00 and a low target of $30.00, the average target price over the next 12 months is $31.25. Based on these targets, EE could surge 45.87% to reach the target high and rise by 21.56% to reach the target low. Reaching the average price target will result in a growth of 26.62% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EE will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $0.83 being high and $0.27 being low. For EE, this leads to a yearly average estimate of $0.49. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Excelerate Energy Inc. surprised analysts by -$0.26 when it reported -$0.08 EPS against a consensus estimate of $0.18. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.22.

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