Teacher Retirement System of Texas Invests $3.38 Million in Expand Energy Corporation (NASDAQ:EXE)

Teacher Retirement System of Texas bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,372 shares of the company's stock, valued at approximately $3,381,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in Expand Energy during the 1st quarter worth $28,000. Princeton Global Asset Management LLC purchased a new stake in Expand Energy during the 1st quarter valued at about $31,000. Peoples Bank KS purchased a new stake in Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new stake in Expand Energy in the 1st quarter valued at about $56,000. Finally, Westside Investment Management Inc. purchased a new position in Expand Energy in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a report on Saturday, June 14th. Barclays raised their target price on Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Finally, Mizuho boosted their target price on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $129.25.

Expand Energy Price Performance

NASDAQ EXE remained flat at $105.20 during trading on Thursday. The company's stock had a trading volume of 2,646,256 shares, compared to its average volume of 3,370,414. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $25.04 billion, a P/E ratio of -19.63 and a beta of 0.48. The business's fifty day moving average is $114.27 and its 200 day moving average is $107.39. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share 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%. On average, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

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. This represents a $2.30 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -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.