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New York State Common Retirement Fund Acquires Shares of 101,684 Expand Energy Corporation (NASDAQ:EXE)

Expand Energy logo with Energy background

New York State Common Retirement Fund bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 101,684 shares of the company's stock, valued at approximately $11,319,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in Expand Energy in the 1st quarter worth $28,000. Princeton Global Asset Management LLC bought a new stake in Expand Energy in the first quarter worth $31,000. BankPlus Trust Department purchased a new stake in Expand Energy during the first quarter valued at $32,000. Peoples Bank KS bought a new position in Expand Energy during the first quarter valued at $33,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Expand Energy in the 1st quarter worth $56,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Benchmark increased their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Piper Sandler increased their price target on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Finally, Barclays lifted their price objective on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $129.80.

View Our Latest Stock Analysis on EXE

Expand Energy Stock Up 0.2%

Shares of EXE traded up $0.20 during mid-day trading on Tuesday, hitting $99.61. The company's stock had a trading volume of 4,293,870 shares, compared to its average volume of 3,383,837. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The company's 50-day moving average is $113.91 and its 200-day moving average is $107.91. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.35. The firm has a market capitalization of $23.71 billion, a price-to-earnings ratio of -18.58 and a beta of 0.48.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. On average, equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is -42.91%.

About Expand Energy

(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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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