Hara Capital LLC Purchases New Position in Expand Energy Corporation (NASDAQ:EXE)

Hara Capital LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,355 shares of the company's stock, valued at approximately $3,490,000. Expand Energy makes up approximately 2.4% of Hara Capital LLC's holdings, making the stock its 8th largest position.

Several other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new position in Expand Energy during the 1st quarter worth approximately $326,670,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Expand Energy during the 1st quarter worth about $127,038,000. Canoe Financial LP acquired a new stake in Expand Energy during the 1st quarter worth about $79,015,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Expand Energy during the 1st quarter worth about $60,722,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Expand Energy in the first quarter worth approximately $46,811,000. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Performance

Shares of EXE traded up $1.32 on Friday, reaching $106.52. 1,545,356 shares of the stock traded hands, compared to its average volume of 3,361,767. The firm has a market cap of $25.35 billion, a price-to-earnings ratio of -19.87 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. Expand Energy Corporation has a 12 month low of $81.66 and a 12 month high of $123.35. The stock's 50-day moving average price is $114.27 and its 200-day moving average price is $107.39.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates 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%. Equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXE. 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. Truist Financial reduced their price objective on Expand Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Mizuho raised their price target on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Stephens dropped their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. One investment 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 data from MarketBeat, Expand Energy has an average rating of "Buy" and an average target price of $129.50.

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.