Brighton Jones LLC Buys Shares of 7,217 Expand Energy Corporation $EXE

Brighton Jones LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,217 shares of the company’s stock, valued at approximately $767,000.

A number of other institutional investors and hedge funds have also modified their holdings of EXE. Northwestern Mutual Wealth Management Co. bought a new position in Expand Energy in the first quarter valued at approximately $6,278,000. Smartleaf Asset Management LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $47,000. MetLife Investment Management LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $6,121,000. Comerica Bank bought a new position in shares of Expand Energy in the 1st quarter worth $4,746,000. Finally, Corebridge Financial Inc. bought a new position in shares of Expand Energy in the 1st quarter worth $5,394,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Down 1.6%

NASDAQ:EXE opened at $109.39 on Friday. The stock has a 50-day simple moving average of $112.39 and a 200 day simple moving average of $106.94. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. 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 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 released its quarterly 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. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. On average, sell-side analysts expect 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 was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 annualized dividend and a yield of 2.1%. Expand Energy’s dividend payout ratio is presently 65.34%.

Analyst Ratings Changes

EXE has been the topic of several analyst reports. KeyCorp cut their target price on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 3rd. Morgan Stanley increased their price target 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. Jefferies Financial Group reduced their price objective on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $150.00 price target (up from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. Two 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’s stock. According to data from MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus target price of $129.44.

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.