Ballentine Partners LLC Has $275,000 Stake in Expand Energy Corporation $EXE

Ballentine Partners LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 13.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,350 shares of the company’s stock after purchasing an additional 287 shares during the period. Ballentine Partners LLC’s holdings in Expand Energy were worth $275,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in Expand Energy during the first quarter worth $2,973,033,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Expand Energy in the 1st quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth $701,831,000. Wellington Management Group LLP purchased a new stake in shares of Expand Energy in the first quarter valued at about $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Expand Energy during the first quarter valued at about $518,328,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE opened at $105.77 on Monday. The firm has a 50-day moving average price of $98.05 and a 200-day moving average price of $106.15. Expand Energy Corporation has a twelve month low of $80.72 and a twelve month high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 271.21 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Equities analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, August 14th. Expand Energy’s payout ratio is presently 589.74%.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on shares of Expand Energy from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Barclays upped their target price on Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a “buy” rating in a research report on Saturday, June 14th. The Goldman Sachs Group cut their price objective on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Finally, Wells Fargo & Company decreased their target price on Expand Energy from $121.00 to $120.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Expand Energy presently has a consensus rating of “Buy” and an average target price of $127.46.

Insider Transactions at Expand Energy

In related news, COO Joshua J. Viets bought 2,000 shares of Expand Energy stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were bought at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company’s stock.

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.