30,372 Shares in Expand Energy Corporation (NASDAQ:EXE) Acquired by Teacher Retirement System of Texas

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

A number of other large investors also recently modified their holdings of EXE. First Horizon Advisors Inc. acquired a new position in Expand Energy in the first quarter valued at approximately $28,000. Princeton Global Asset Management LLC bought a new stake in Expand Energy in the first quarter valued at approximately $31,000. Peoples Bank KS bought a new stake in Expand Energy in the first quarter valued at approximately $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy in the first quarter valued at approximately $56,000. Finally, Westside Investment Management Inc. bought a new stake in Expand Energy in the first quarter valued at approximately $56,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXE. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. Benchmark increased their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Mizuho increased their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Stephens decreased their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Expand Energy presently has an average rating of "Buy" and an average price target of $129.50.

Expand Energy Stock Performance

Shares of EXE traded up $0.37 during midday trading on Friday, reaching $105.57. The stock had a trading volume of 2,649,583 shares, compared to its average volume of 3,366,680. The firm has a market cap of $25.12 billion, a PE ratio of -19.70 and a beta of 0.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $114.27 and a 200-day simple moving average of $107.39. Expand Energy Corporation has a one year low of $81.66 and a one year 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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Thursday, May 15th. Expand Energy's 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.