First American Bank Acquires 11,120 Shares of Expand Energy Corporation $EXE

First American Bank grew its holdings in Expand Energy Corporation (NASDAQ:EXE) by 46.0% in the 3rd quarter, Holdings Channel reports. The fund owned 35,279 shares of the company’s stock after purchasing an additional 11,120 shares during the quarter. First American Bank’s holdings in Expand Energy were worth $3,748,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. waypoint wealth counsel bought a new stake in Expand Energy during the 3rd quarter worth approximately $249,000. Encompass More Asset Management acquired a new position in shares of Expand Energy in the third quarter valued at approximately $314,000. Mattson Financial Services LLC bought a new stake in shares of Expand Energy during the third quarter worth $230,000. Permanent Capital Management LP acquired a new stake in shares of Expand Energy during the third quarter worth $2,569,000. Finally, Perigon Wealth Management LLC bought a new stake in Expand Energy in the 3rd quarter valued at $333,000. Institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of a number of research reports. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. KeyCorp decreased their price objective on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Morgan Stanley boosted their target price on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price target (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Finally, Jefferies Financial Group lowered their price objective on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.44.

Expand Energy Stock Up 2.1%

EXE stock opened at $111.78 on Tuesday. The company has a market cap of $26.62 billion, a price-to-earnings ratio of 31.76 and a beta of 0.45. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The business has a 50 day moving average price of $112.66 and a two-hundred day moving average price of $106.80. 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 quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

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.