Brown Advisory Inc. Purchases Shares of 2,929 Expand Energy Corporation (NASDAQ:EXE)

Brown Advisory Inc. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,929 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors have also recently made changes to their positions in EXE. GAMMA Investing LLC bought a new position in shares of Expand Energy during the 1st quarter valued at $36,507,000. Parallel Advisors LLC bought a new stake in Expand Energy during the first quarter valued at about $286,000. Doliver Advisors LP bought a new stake in Expand Energy during the first quarter valued at about $446,000. Peoples Bank KS purchased a new position in shares of Expand Energy during the first quarter valued at about $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Expand Energy during the first quarter valued at about $466,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Expand Energy stock opened at $107.51 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a 1 year low of $81.66 and a 1 year high of $123.35. The company has a market cap of $25.59 billion, a PE ratio of -20.06 and a beta of 0.48. The company’s 50-day moving average is $114.27 and its two-hundred day moving average is $107.68.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Equities analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy’s dividend payout ratio is -42.91%.

Analysts Set New Price Targets

EXE has been the subject of several research analyst reports. Mizuho lifted their price target on shares of Expand Energy from $141.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Sanford C. Bernstein raised shares of Expand Energy to a “strong-buy” rating and set a $150.00 price objective on the stock in a report on Thursday, May 22nd. Stephens lowered their price target on shares of Expand Energy from $123.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. TD Cowen upgraded shares of Expand Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an “overweight” rating in a research report on Friday, June 13th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Buy” and an average target price of $129.80.

Expand Energy Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.