Keybank National Association OH Acquires Shares of 1,789 Expand Energy Corporation $EXE

Keybank National Association OH bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,789 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expand Energy in the first quarter worth about $3,757,000. Wedbush Securities Inc. acquired a new position in Expand Energy during the 1st quarter valued at about $210,000. Inspire Investing LLC bought a new position in shares of Expand Energy in the 1st quarter valued at about $312,000. Horizon Investments LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $342,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Expand Energy during the first quarter worth approximately $503,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Expand Energy in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research report on Thursday, October 16th. KeyCorp decreased their price objective 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. Morgan Stanley upped their price objective on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Barclays reduced their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $128.24.

Expand Energy Stock Performance

Shares of EXE opened at $110.62 on Friday. The firm has a market cap of $26.35 billion, a P/E ratio of 31.43 and a beta of 0.47. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50 day moving average price is $102.28 and its two-hundred day moving average price is $105.96.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data 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 business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. On average, analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm 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 dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, November 13th. Expand Energy’s payout ratio is currently 65.34%.

Insider Buying and Selling at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer 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 SEC, which is accessible through this link. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was bought at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The SEC filing for this purchase provides additional information. 0.19% of the stock is owned by insiders.

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.