Janney Montgomery Scott LLC Acquires Shares of 17,809 Expand Energy Corporation (NASDAQ:EXE)

Janney Montgomery Scott LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,809 shares of the company's stock, valued at approximately $1,983,000.

Other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $1,538,000. Exchange Traded Concepts LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $408,000. Ritholtz Wealth Management bought a new stake in Expand Energy during the 1st quarter worth approximately $256,000. Farther Finance Advisors LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $439,000. Finally, Park Avenue Securities LLC bought a new stake in Expand Energy during the 1st quarter worth approximately $280,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Performance

EXE stock opened at $118.67 on Friday. The business's fifty day moving average is $113.02 and its 200-day moving average is $106.34. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The company has a market cap of $28.24 billion, a P/E ratio of -22.14 and a beta of 0.49. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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%. Equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is currently -42.91%.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of research analyst reports. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Benchmark increased their price target on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Mizuho increased their price target on Expand Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price target on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Expand Energy currently has a consensus rating of "Buy" and a consensus price target of $127.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.