Janney Montgomery Scott LLC Has $14.38 Million Stock Position in Expand Energy Corporation $EXE

Janney Montgomery Scott LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 551.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 131,017 shares of the company’s stock after acquiring an additional 110,892 shares during the period. Janney Montgomery Scott LLC’s holdings in Expand Energy were worth $14,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Siemens Fonds Invest GmbH lifted its stake in shares of Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 88 shares during the last quarter. New Mexico Educational Retirement Board grew its position in Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after acquiring an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. McGowan Group Asset Management Inc. increased its holdings in Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after purchasing an additional 105 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Expand Energy by 25.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EXE shares. Benchmark lifted their price target on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Morgan Stanley lowered their price objective on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.90.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $89.57 on Thursday. Expand Energy Corporation has a twelve month low of $86.37 and a twelve month high of $126.62. The firm has a fifty day simple moving average of $93.40 and a 200 day simple moving average of $101.63. The company has a market capitalization of $21.43 billion, a PE ratio of 6.68 and a beta of 0.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts forecast that Expand Energy Corporation will post 8.67 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s payout ratio is currently 17.15%.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 4,000 shares of company stock worth $375,120. 0.22% of the stock is owned by corporate insiders.

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.