IRON Financial LLC Invests $918,000 in Expand Energy Corporation $EXE

IRON Financial LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 8,639 shares of the company’s stock, valued at approximately $918,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXE. Uncommon Cents Investing LLC increased its stake in Expand Energy by 6.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after buying an additional 110 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after buying an additional 112 shares during the last quarter. Essex Savings Bank grew its holdings in shares of Expand Energy by 5.3% in the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after acquiring an additional 121 shares in the last quarter. Signaturefd LLC increased its position in shares of Expand Energy by 5.6% during the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after acquiring an additional 134 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its holdings in Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after acquiring an additional 136 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Down 2.6%

Shares of NASDAQ EXE opened at $101.63 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $24.21 billion, a P/E ratio of 28.87 and a beta of 0.46. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The business has a 50-day simple moving average of $113.45 and a two-hundred day simple moving average of $106.09.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Research analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. Expand Energy’s payout ratio is presently 65.34%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXE. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Mizuho increased their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Citigroup boosted their target price on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Morgan Stanley raised their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.28.

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.