Brighton Jones LLC Buys New Shares in Expand Energy Corporation $EXE

Brighton Jones LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,217 shares of the company’s stock, valued at approximately $767,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Transamerica Financial Advisors LLC bought a new stake in shares of Expand Energy in the first quarter valued at about $27,000. Quarry LP acquired a new position in Expand Energy in the 1st quarter valued at approximately $28,000. Assetmark Inc. lifted its position in shares of Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after acquiring an additional 184 shares during the period. MAI Capital Management bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $30,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 1.6%

Shares of NASDAQ 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 has a 50-day moving average of $112.39 and a two-hundred day moving average of $106.94. The company has a market cap of $26.05 billion, a PE ratio of 31.08 and a beta of 0.45. 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 issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $1.98 billion. As a group, equities analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

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

Analysts Set New Price Targets

EXE has been the topic of a number of recent research reports. KeyCorp decreased their price target on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 target price (up from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. William Blair assumed coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They issued an “outperform” rating for the company. Citigroup raised their price target on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Mizuho upped their price objective on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.44.

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.