AMI Asset Management Corp Invests $1.16 Million in Expand Energy Corporation $EXE

AMI Asset Management Corp bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 10,937 shares of the company’s stock, valued at approximately $1,162,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Transamerica Financial Advisors LLC purchased a new stake in Expand Energy during the first quarter worth approximately $27,000. Quarry LP purchased a new position in shares of Expand Energy in the 1st quarter valued at $28,000. MAI Capital Management acquired a new position in shares of Expand Energy during the 1st quarter valued at $30,000. Assetmark Inc. boosted its position 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 period. Finally, JFS Wealth Advisors LLC increased its holdings in Expand Energy by 125.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after purchasing an additional 170 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Barclays reduced their price target 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. William Blair initiated coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They issued an “outperform” rating for the company. Raymond James Financial reissued 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. Finally, UBS Group upped their target price on shares of Expand Energy from $132.00 to $154.00 and gave the company a “buy” 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.44.

Expand Energy Stock Performance

Shares of EXE opened at $109.39 on Friday. The stock has a market capitalization of $26.05 billion, a PE ratio of 31.08 and a beta of 0.45. The business’s fifty day moving average price is $112.39 and its 200 day moving average price is $106.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, topping 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 company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

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

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.