10,937 Shares in Expand Energy Corporation $EXE Bought by AMI Asset Management Corp

AMI Asset Management Corp acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,937 shares of the company’s stock, valued at approximately $1,162,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the 1st quarter worth about $27,000. Quarry LP purchased a new stake in shares of Expand Energy during the first quarter worth approximately $28,000. MAI Capital Management purchased a new position in Expand Energy in the 1st quarter valued at $30,000. Assetmark Inc. boosted its stake in Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expand Energy in a research note on Monday, December 15th. Barclays reduced 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. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a report on Thursday, October 16th. Jefferies Financial Group lowered their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Finally, Morgan Stanley raised their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Price Performance

EXE opened at $109.39 on Friday. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company’s 50 day simple moving average is $112.39 and its 200 day simple moving average is $106.94. The stock has a market capitalization of $26.05 billion, a PE ratio of 31.08 and a beta of 0.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.

Expand Energy (NASDAQ:EXE) last issued 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. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. As a group, sell-side analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a $0.575 dividend. The ex-dividend date was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

About Expand Energy

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.