Cerity Partners LLC Buys Shares of 5,159 Expand Energy Corporation (NASDAQ:EXE)

Cerity Partners LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,159 shares of the company's stock, valued at approximately $574,000.

A number of other hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new position in shares of Expand Energy during the first quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new position in shares of Expand Energy during the first quarter worth approximately $31,000. Peoples Bank KS bought a new position in shares of Expand Energy during the first quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Expand Energy during the first quarter worth approximately $56,000. Finally, Westside Investment Management Inc. bought a new position in shares of Expand Energy during the first quarter worth approximately $56,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Down 1.4%

EXE traded down $1.43 during midday trading on Friday, hitting $98.17. 2,399,200 shares of the company were exchanged, compared to its average volume of 3,433,729. The firm has a market capitalization of $23.36 billion, a P/E ratio of 36.35 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The firm's 50 day moving average price is $113.06 and its 200-day moving average price is $107.77. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is -42.91%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark raised their price objective on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. UBS Group raised their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Stephens lowered their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $129.80.

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.