American Century Companies Inc. Has $68 Million Holdings in Expand Energy Corporation $EXE

American Century Companies Inc. increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640,023 shares of the company’s stock after buying an additional 96,646 shares during the quarter. American Century Companies Inc.’s holdings in Expand Energy were worth $67,996,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Rafferty Asset Management LLC raised its stake in Expand Energy by 3.3% during the third quarter. Rafferty Asset Management LLC now owns 95,948 shares of the company’s stock worth $10,194,000 after acquiring an additional 3,030 shares in the last quarter. Ninepoint Partners LP grew its holdings in shares of Expand Energy by 12.5% in the 3rd quarter. Ninepoint Partners LP now owns 900,000 shares of the company’s stock worth $95,616,000 after purchasing an additional 100,000 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of Expand Energy during the 3rd quarter worth about $76,000. Generali Investments Management Co LLC bought a new position in Expand Energy during the 3rd quarter valued at about $423,000. Finally, Gemsstock Ltd. bought a new position in Expand Energy during the 3rd quarter valued at about $24,308,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Mizuho boosted their target price on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Barclays dropped their price target on Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Citigroup lifted their price objective on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Benchmark reissued a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $129.92.

Expand Energy Price Performance

Shares of EXE stock opened at $105.88 on Thursday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The firm has a fifty day moving average of $106.38 and a 200-day moving average of $106.43. The firm has a market capitalization of $25.45 billion, a price-to-earnings ratio of 14.04 and a beta of 0.47. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. On average, equities research analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, March 5th. Expand Energy’s payout ratio is 30.50%.

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.