2,400 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Washburn Capital Management Inc.

Washburn Capital Management Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 2,400 shares of the company's stock, valued at approximately $267,000.

A number of other large investors also recently added to or reduced their stakes in the business. Private Advisor Group LLC purchased a new position in shares of Expand Energy in the first quarter valued at about $850,000. Archer Investment Corp purchased a new position in shares of Expand Energy in the first quarter valued at about $147,000. Jennison Associates LLC purchased a new position in shares of Expand Energy in the first quarter valued at about $57,694,000. Forum Financial Management LP purchased a new position in shares of Expand Energy in the first quarter valued at about $448,000. Finally, Easterly Investment Partners LLC bought a new stake in shares of Expand Energy during the 1st quarter valued at about $7,667,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

EXE has been the topic of a number of research reports. KeyCorp set a $135.00 target price on shares of Expand Energy and gave the company an "overweight" rating in a research note on Friday, June 13th. Mizuho lifted their target price on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. UBS Group lifted their target price on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, Wells Fargo & Company cut their target price on shares of Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday. One research 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 stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $129.80.

Expand Energy Stock Up 0.4%

Shares of NASDAQ EXE traded up $0.49 during midday trading on Friday, hitting $108.64. The stock had a trading volume of 423,205 shares, compared to its average volume of 3,748,716. The business's 50 day moving average is $114.21 and its 200-day moving average is $107.74. The company has a market cap of $25.85 billion, a P/E ratio of -20.26 and a beta of 0.48. Expand Energy Corporation has a 52 week low of $69.12 and a 52 week 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.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. As a group, analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently announced 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 of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.12%. Expand Energy's dividend payout ratio is presently -42.91%.

About Expand Energy

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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