Janney Capital Management LLC Invests $13.23 Million in Expand Energy Corporation (NASDAQ:EXE)

Janney Capital Management LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 118,873 shares of the company's stock, valued at approximately $13,233,000. Janney Capital Management LLC owned approximately 0.05% of Expand Energy as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new stake in Expand Energy in the first quarter valued at approximately $31,000. Peoples Bank KS acquired a new stake in shares of Expand Energy during the first quarter worth $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Expand Energy during the first quarter worth $56,000. Piscataqua Savings Bank acquired a new stake in shares of Expand Energy during the first quarter worth $58,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Expand Energy during the first quarter worth $78,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on EXE shares. Morgan Stanley lifted their price objective on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Benchmark lifted their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Mizuho lifted their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $127.55.

Expand Energy Stock Performance

EXE traded up $1.28 on Friday, reaching $122.05. The stock had a trading volume of 5,593,784 shares, compared to its average volume of 3,376,499. Expand Energy Corporation has a 12-month low of $81.66 and a 12-month high of $123.34. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The business's 50-day moving average price is $111.62 and its two-hundred day moving average price is $105.68. The company has a market cap of $29.05 billion, a P/E ratio of -22.77 and a beta of 0.49.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.88%. Expand Energy's dividend payout ratio is currently -42.91%.

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.