New York State Common Retirement Fund purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 101,684 shares of the company's stock, valued at approximately $11,319,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of EXE. Mutual of America Capital Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth approximately $8,772,000. BankPlus Trust Department bought a new position in shares of Expand Energy in the 1st quarter worth approximately $32,000. Arizona State Retirement System bought a new position in shares of Expand Energy in the 1st quarter worth approximately $6,692,000. Ballentine Partners LLC bought a new position in shares of Expand Energy in the 1st quarter worth approximately $230,000. Finally, Xponance Inc. purchased a new stake in shares of Expand Energy in the 1st quarter worth approximately $3,341,000. Institutional investors own 97.93% of the company's stock.
Wall Street Analysts Forecast Growth
EXE has been the topic of several recent research reports. KeyCorp set a $135.00 price target on Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Morgan Stanley raised their price target on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 target price on the stock in a report on Thursday, May 22nd. Finally, Scotiabank raised their target price on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $129.80.
View Our Latest Analysis on EXE
Expand Energy Price Performance
Shares of EXE stock traded down $7.56 during trading hours on Monday, hitting $101.08. The stock had a trading volume of 2,737,054 shares, compared to its average volume of 3,362,985. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The stock's 50-day moving average price is $114.14 and its two-hundred day moving average price is $107.91. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of -18.88 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 4.64% and a negative net margin of 18.49%. Equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.28%. Expand Energy's dividend payout ratio (DPR) is presently -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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