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.
Get Our Latest Stock Analysis on Expand Energy
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
(
Free Report)
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.
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