10,356 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC acquired 10,356 shares of Expand Energy Corporation, valued at approximately $1,153,000, during the first quarter.
• Expand Energy has a current consensus rating of "Buy" with a price target of $129.12, while several analysts have adjusted their price objectives for the stock recently.
• The company announced a quarterly dividend of $0.575 per share, which will be paid on September 4th, representing an annualized yield of 2.4%.

Townsquare Capital LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,356 shares of the company's stock, valued at approximately $1,153,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXE. Vanguard Group Inc. purchased a new position in Expand Energy during the first quarter worth about $2,973,033,000. Massachusetts Financial Services Co. MA purchased a new position in Expand Energy during the first quarter worth about $518,328,000. Bank of New York Mellon Corp purchased a new position in Expand Energy during the first quarter worth about $326,670,000. Charles Schwab Investment Management Inc. purchased a new position in Expand Energy during the first quarter worth about $224,301,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Expand Energy during the first quarter worth about $127,038,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EXE. The Goldman Sachs Group lowered their price objective on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Mizuho lifted their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Piper Sandler lifted their price objective on shares of Expand Energy from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Scotiabank reaffirmed an "outperform" rating on shares of Expand Energy in a research report on Wednesday. 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 report on Monday, July 7th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Expand Energy has a consensus rating of "Buy" and a consensus price target of $129.12.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $96.46 on Thursday. The company has a 50 day moving average of $108.63 and a 200 day moving average of $107.30. The stock has a market cap of $22.97 billion, a P/E ratio of 247.34 and a beta of 0.46. Expand Energy Corporation has a 12 month low of $69.12 and a 12 month high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's payout ratio is currently 589.74%.

Expand Energy Company Profile

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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