Victory Capital Management Inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,269 shares of the company's stock, valued at approximately $12,053,000.
A number of other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. acquired a new stake in shares of Expand Energy in the 1st quarter valued at $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Expand Energy in the 1st quarter valued at $31,000. BankPlus Trust Department acquired a new stake in shares of Expand Energy in the 1st quarter valued at $32,000. Peoples Bank KS acquired a new stake in shares of Expand Energy in the 1st quarter valued at $33,000. Finally, Key Financial Inc acquired a new stake in shares of Expand Energy in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Stock Performance
Expand Energy stock traded down $1.43 during trading on Friday, hitting $98.17. The stock had a trading volume of 2,399,200 shares, compared to its average volume of 3,433,729. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average is $112.74 and its two-hundred day moving average is $107.78. The stock has a market cap of $23.36 billion, a price-to-earnings ratio of -18.32 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.34%. Expand Energy's payout ratio is currently -42.91%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on EXE shares. UBS Group increased their price target on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research report on Thursday, May 22nd. Scotiabank boosted their target price on Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Wells Fargo & Company decreased their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Finally, KeyCorp set a $135.00 price target on Expand Energy and gave the company an "overweight" rating in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Expand Energy has a consensus rating of "Buy" and an average price target of $129.80.
Check Out Our Latest Stock Report on Expand Energy
Expand Energy 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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