AE Wealth Management LLC Has $315,000 Stock Holdings in Expand Energy Corporation $EXE

AE Wealth Management LLC reduced its holdings in Expand Energy Corporation (NASDAQ:EXE) by 43.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,690 shares of the company’s stock after selling 2,040 shares during the period. AE Wealth Management LLC’s holdings in Expand Energy were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbour Investments Inc. acquired a new stake in Expand Energy during the first quarter worth approximately $27,000. Transamerica Financial Advisors LLC bought a new position in Expand Energy during the first quarter worth $27,000. Quarry LP bought a new position in Expand Energy in the first quarter worth approximately $28,000. Cheviot Value Management LLC bought a new position in shares of Expand Energy in the first quarter valued at $29,000. Finally, Pinney & Scofield Inc. bought a new position in shares of Expand Energy in the first quarter valued at approximately $29,000. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays cut their price objective on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Jefferies Financial Group cut their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a research note on Thursday. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Finally, KeyCorp dropped their price target on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.24.

Expand Energy Stock Down 0.6%

EXE opened at $117.28 on Monday. The firm has a 50-day simple moving average of $104.67 and a two-hundred day simple moving average of $106.48. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $27.93 billion, a PE ratio of 33.32 and a beta of 0.47. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $123.35.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.575 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

Expand Energy Company 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.