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

Teacher Retirement System of Texas acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 30,372 shares of the company's stock, valued at approximately $3,381,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EXE. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Expand Energy during the first quarter worth about $127,038,000. Canoe Financial LP purchased a new stake in Expand Energy during the first quarter worth approximately $79,015,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Expand Energy during the first quarter worth approximately $60,722,000. Rhumbline Advisers purchased a new stake in Expand Energy during the first quarter worth approximately $43,592,000. Finally, Schwartz Investment Counsel Inc. purchased a new stake in Expand Energy during the first quarter worth approximately $41,235,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXE. Benchmark boosted their target price on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Scotiabank boosted their target price on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Wells Fargo & Company boosted their target price on Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Finally, KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $129.50.

Expand Energy Stock Performance

Shares of NASDAQ:EXE traded up $0.37 during trading on Friday, reaching $105.57. The company had a trading volume of 2,659,736 shares, compared to its average volume of 3,366,736. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 38.53 and a beta of 0.48. 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 stock's fifty day moving average price is $114.27 and its 200 day moving average price is $107.51. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates 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 research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 2.18%. 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.