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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