Jupiter Asset Management Ltd. Acquires New Shares in Expand Energy Corporation (NASDAQ:EXE)

Jupiter Asset Management Ltd. acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,974 shares of the company's stock, valued at approximately $442,000.

A number of other large investors have also made changes to their positions in the company. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at $1,151,000. Hartford Investment Management Co. bought a new position in Expand Energy during the 1st quarter worth about $1,429,000. US Bancorp DE bought a new position in Expand Energy during the 1st quarter worth about $1,860,000. Wealthquest Corp bought a new position in Expand Energy during the 1st quarter worth about $600,000. Finally, Harbour Investments Inc. bought a new position in Expand Energy during the 1st quarter worth about $27,000. Institutional investors own 97.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler increased their target price on Expand Energy from $139.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Stephens lowered their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Scotiabank increased their target price on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Tudor Pickering & Holt lowered their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Finally, Siebert Williams Shank lowered their target price on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $128.92.

Expand Energy Trading Down 0.7%

Shares of NASDAQ:EXE opened at $101.23 on Tuesday. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a market capitalization of $24.11 billion, a P/E ratio of 259.57 and a beta of 0.46. The company has a 50-day simple moving average of $111.44 and a 200 day simple moving average of $107.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is 589.74%.

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.

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