K.J. Harrison & Partners Inc Invests $1.28 Million in Expand Energy Corporation $EXE

K.J. Harrison & Partners Inc purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $1,277,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp lifted its position in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Rakuten Securities Inc. increased its holdings in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Eastern Bank acquired a new position in shares of Expand Energy in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. raised its stake in shares of Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Expand Energy during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EXE shares. Barclays lowered their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday. Weiss Ratings cut shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Roth Capital reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, UBS Group cut their price target on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Expand Energy presently has a consensus rating of “Moderate Buy” and an average price target of $127.78.

Expand Energy Trading Down 0.6%

NASDAQ:EXE opened at $94.18 on Tuesday. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $90.32 and a two-hundred day moving average price of $97.90. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of 8.13 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. As a group, sell-side analysts anticipate that Expand Energy Corporation will post 8.92 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s payout ratio is currently 19.86%.

Insiders Place Their Bets

In related news, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This represents a 1.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

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.