420,508 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 420,508 shares of the company's stock, valued at approximately $46,811,000. Principal Financial Group Inc. owned about 0.18% of Expand Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXE. First Horizon Advisors Inc. acquired a new stake in Expand Energy during the 1st quarter worth about $28,000. Princeton Global Asset Management LLC acquired a new stake in Expand Energy during the 1st quarter worth about $31,000. Peoples Bank KS acquired a new position in shares of Expand Energy in the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Expand Energy in the first quarter worth about $56,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Expand Energy in the first quarter worth about $56,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXE. UBS Group upped their target price on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Mizuho upped their price target on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Piper Sandler upped their price target on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price target for the company in a report on Thursday, May 22nd. Finally, KeyCorp set a $135.00 target price on Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. One research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $129.25.

Expand Energy Stock Performance

Expand Energy stock remained flat at $105.20 during mid-day trading on Thursday. The company had a trading volume of 2,646,228 shares, compared to its average volume of 3,370,414. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of -19.63 and a beta of 0.48. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $123.35. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $114.24 and a two-hundred day moving average price of $107.33.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during 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%. On average, equities analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.

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.