Mackenzie Financial Corp Has $53.01 Million Holdings in Expand Energy Corporation $EXE

by · The Cerbat Gem

Mackenzie Financial Corp boosted its holdings in Expand Energy Corporation (NASDAQ:EXE – Free Report) by 18.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 453,269 shares of the company’s stock after purchasing an additional 70,729 shares during the quarter. Mackenzie Financial Corp’s holdings in Expand Energy were worth $53,005,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EXE. Mutual of America Capital Management LLC purchased a new stake in shares of Expand Energy in the first quarter worth approximately $8,772,000. Avantax Advisory Services Inc. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $917,000. Cetera Investment Advisers purchased a new position in shares of Expand Energy during the first quarter valued at approximately $2,313,000. Federated Hermes Inc. bought a new stake in Expand Energy during the first quarter worth $5,362,000. Finally, Vestcor Inc purchased a new stake in Expand Energy in the 1st quarter valued at $424,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EXE shares. Jefferies Financial Group dropped their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Barclays cut their price target 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. Mizuho set a $136.00 price objective on shares of Expand Energy in a research note on Monday, September 15th. Finally, Roth Capital downgraded Expand Energy from a “buy” rating to a “neutral” rating and cut their target price for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.32.

Read Our Latest Stock Analysis on Expand Energy

Expand Energy Stock Up 3.5%

EXE opened at $122.98 on Monday. 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 stock has a market cap of $29.29 billion, a price-to-earnings ratio of 34.94 and a beta of 0.47. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35. The company’s 50-day moving average price is $108.79 and its two-hundred day moving average price is $107.04.

Expand Energy (NASDAQ:EXE – Get Free Report) last released its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. As a group, equities analysts expect 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, December 4th. Shareholders of record on Thursday, November 13th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Expand Energy Company Profile

(Free Report)

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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