11,139 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Securian Asset Management Inc.

Securian Asset Management Inc. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,139 shares of the company's stock, valued at approximately $1,240,000.

A number of other hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the first quarter valued at $28,000. Princeton Global Asset Management LLC purchased a new stake in Expand Energy in the 1st quarter valued at about $31,000. BankPlus Trust Department acquired a new position in shares of Expand Energy in the 1st quarter valued at about $32,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the 1st quarter worth about $33,000. Finally, Key Financial Inc acquired a new stake in Expand Energy in the first quarter valued at approximately $41,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Expand Energy Trading Up 0.5%

EXE traded up $0.49 during midday trading on Friday, hitting $108.64. 2,257,017 shares of the company were exchanged, compared to its average volume of 3,365,852. The firm has a market capitalization of $25.85 billion, a P/E ratio of -20.27 and a beta of 0.48. 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 firm's 50 day moving average price is $114.14 and its 200-day moving average price is $107.86. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35.

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 for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio is presently -42.91%.

Expand Energy 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.