American Century Companies Inc. Grows Position in Expand Energy Corporation $EXE

American Century Companies Inc. boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 30.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 543,377 shares of the company’s stock after acquiring an additional 125,235 shares during the quarter. American Century Companies Inc. owned 0.23% of Expand Energy worth $63,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC raised its holdings in shares of Expand Energy by 6.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares during the last quarter. Essex Savings Bank raised its stake in Expand Energy by 5.3% in the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after buying an additional 121 shares in the last quarter. Signaturefd LLC lifted its holdings in Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after buying an additional 134 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Expand Energy by 1.0% during the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after buying an additional 162 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Up 2.4%

Expand Energy stock opened at $118.77 on Friday. The stock has a 50 day moving average of $108.30 and a two-hundred day moving average of $107.04. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 33.74 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. As a group, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Piper Sandler raised their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Tuesday, November 18th. Roth Capital downgraded shares of Expand Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. KeyCorp dropped their target price on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Finally, Morgan Stanley increased their target price on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Expand Energy currently has an average rating of “Moderate Buy” and an average target price of $128.32.

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.