American Century Companies Inc. Acquires 96,646 Shares of Expand Energy Corporation $EXE

Key Points

• American Century Companies raised its stake in Expand Energy by 17.8%, buying 96,646 shares to own 640,023 shares worth about $67.996 million (≈0.27% of the company) as of the 3rd quarter 13F filing.
• Quarterly results and dividend: Expand Energy beat estimates with $2.00 EPS (vs. $1.89) and $3.27B revenue, and declared a $0.575 quarterly dividend ($2.30 annualized, ~2.2% yield).
• Market view: Institutional ownership is about 97.9% and analysts hold a consensus Buy rating with a $129.92 average price target.

American Century Companies Inc. lifted its holdings in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,023 shares of the company's stock after purchasing an additional 96,646 shares during the period. American Century Companies Inc. owned 0.27% of Expand Energy worth $67,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EXE. Assetmark Inc. raised its holdings in Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company's stock valued at $30,000 after buying an additional 184 shares in the last quarter. ESL Trust Services LLC bought a new position in shares of Expand Energy in the 3rd quarter valued at approximately $32,000. Smartleaf Asset Management LLC lifted its holdings in Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company's stock worth $46,000 after purchasing an additional 199 shares during the last quarter. Root Financial Partners LLC bought a new stake in Expand Energy during the third quarter worth approximately $47,000. Finally, CX Institutional bought a new stake in Expand Energy during the third quarter worth approximately $52,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Stock Down 2.0%

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

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy's dividend payout ratio is 30.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EXE shares. Benchmark restated a "buy" rating on shares of Expand Energy in a research note on Wednesday, February 18th. Wells Fargo & Company set a $123.00 target price on shares of Expand Energy in a research report on Monday, February 23rd. Mizuho upped their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an "outperform" rating in a report on Friday, December 12th. Barclays dropped their price objective on Expand Energy from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings raised Expand Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Expand Energy presently has a consensus rating of "Buy" and a consensus price target of $129.92.

About Expand Energy

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.

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