First American Bank Invests $2.58 Million in Expand Energy Corporation (NASDAQ:EXE)

First American Bank bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,210 shares of the company's stock, valued at approximately $2,584,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in Expand Energy in the 1st quarter valued at about $31,000. Peoples Bank KS bought a new position in shares of Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Expand Energy during the 1st quarter valued at about $56,000. Piscataqua Savings Bank bought a new position in shares of Expand Energy during the 1st quarter valued at about $58,000. Finally, Sentry Investment Management LLC bought a new position in shares of Expand Energy during the 1st quarter valued at about $78,000. Institutional investors own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of analyst reports. Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research note on Thursday, May 22nd. Morgan Stanley upped their price objective on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Mizuho upped their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Benchmark upped their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Piper Sandler upped their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. One research 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 stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $127.55.

Expand Energy Stock Performance

Shares of NASDAQ:EXE traded up $1.28 during trading on Friday, reaching $122.05. The stock had a trading volume of 5,593,784 shares, compared to its average volume of 3,376,499. 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 $29.05 billion, a price-to-earnings ratio of -22.77 and a beta of 0.49. 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 has a fifty day simple moving average of $111.99 and a two-hundred day simple moving average of $105.96.

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, beating analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.88%. Expand Energy's payout ratio is -42.91%.

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.