Keybank National Association OH Makes New $209,000 Investment in Expand Energy Corporation $EXE

Keybank National Association OH bought a new stake in Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,789 shares of the company’s stock, valued at approximately $209,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. acquired a new position in Expand Energy during the first quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD bought a new position in shares of Expand Energy in the 1st quarter valued at $1,310,932,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth $701,831,000. Wellington Management Group LLP bought a new stake in shares of Expand Energy during the 1st quarter worth $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Expand Energy in the first quarter valued at about $518,328,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Trading Up 0.5%

EXE opened at $110.62 on Friday. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35. The company has a fifty day moving average of $102.28 and a 200-day moving average of $105.96. The stock has a market cap of $26.35 billion, a PE ratio of 31.43 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. On average, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio is presently 65.34%.

Insider Activity at Expand Energy

In other Expand Energy news, COO Joshua J. Viets bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the purchase, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the subject of several research reports. Roth Capital downgraded shares of Expand Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $98.00 in a research note on Monday, August 18th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Jefferies Financial Group lowered their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Mizuho set a $136.00 target price on shares of Expand Energy in a research report on Monday, September 15th. Finally, Barclays reduced their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.24.

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.