Amalgamated Bank Takes $4.67 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Amalgamated Bank acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,947 shares of the company's stock, valued at approximately $4,670,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Expand Energy in the first quarter worth approximately $1,179,000. Miracle Mile Advisors LLC bought a new stake in shares of Expand Energy during the 1st quarter worth $1,538,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Expand Energy in the 1st quarter worth $485,000. Exchange Traded Concepts LLC acquired a new stake in shares of Expand Energy during the first quarter worth $408,000. Finally, Ritholtz Wealth Management acquired a new stake in shares of Expand Energy during the first quarter worth $256,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

Shares of NASDAQ:EXE traded down $2.39 during midday trading on Thursday, hitting $107.95. The company's stock had a trading volume of 1,807,029 shares, compared to its average volume of 3,372,384. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The stock's 50 day simple moving average is $114.14 and its 200 day simple moving average is $107.00. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. 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 for the quarter, beating 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 analysts' expectations of $2.10 billion. As a group, research analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is presently -42.91%.

Analysts Set New Price Targets

Several brokerages have issued reports on EXE. Benchmark boosted their target price 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. UBS Group upped their price target on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday. Stephens decreased their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Piper Sandler lifted their target price on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Finally, KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $128.40.

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.