Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Expand Energy Corporation (NASDAQ:EXE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,749 shares of the company's stock, valued at approximately $3,757,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXE. GAMMA Investing LLC acquired a new stake in Expand Energy during the first quarter worth $36,507,000. Parallel Advisors LLC acquired a new stake in Expand Energy during the first quarter worth $286,000. Doliver Advisors LP acquired a new stake in Expand Energy during the first quarter worth $446,000. Peoples Bank KS acquired a new stake in Expand Energy during the first quarter worth $33,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Expand Energy during the first quarter worth $466,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Trading Down 2.0%

Shares of EXE stock traded down $2.15 on Friday, reaching $102.63. The company had a trading volume of 1,000,478 shares, compared to its average volume of 3,790,899. The company has a current ratio of 0.78, a quick ratio of 0.59 and a debt-to-equity ratio of 0.29. The stock has a market cap of $24.42 billion, a PE ratio of 262.89 and a beta of 0.48. The company has a 50-day moving average of $111.72 and a 200-day moving average of $107.72. Expand Energy Corporation has a 12 month low of $69.12 and a 12 month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. Expand Energy's dividend payout ratio is 589.74%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXE. Scotiabank lifted their price target on shares of Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Capital One Financial cut their price objective on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Stephens cut their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a report on Thursday, May 22nd. One equities research 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $129.50.

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.