Wealthquest Corp bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,388 shares of the company's stock, valued at approximately $600,000.
Other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. bought a new position in Expand Energy in the 1st quarter worth $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the 1st quarter worth $28,000. Princeton Global Asset Management LLC bought a new position in shares of Expand Energy during the 1st quarter worth about $31,000. BankPlus Trust Department bought a new position in shares of Expand Energy during the 1st quarter worth about $32,000. Finally, Peoples Bank KS acquired a new position in shares of Expand Energy during the first quarter valued at about $33,000. Institutional investors own 97.93% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on EXE. Scotiabank lifted their target price on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Piper Sandler lifted their target price on Expand Energy from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday. Tudor Pickering & Holt decreased their target price on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Mizuho lifted their target price on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Finally, Wolfe Research decreased their target price on Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Expand Energy presently has an average rating of "Buy" and a consensus price target of $129.50.
Check Out Our Latest Report on Expand Energy
Expand Energy Price Performance
NASDAQ:EXE opened at $104.78 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market cap of $24.94 billion, a PE ratio of 268.67 and a beta of 0.48. The company's 50-day moving average price is $111.72 and its two-hundred day moving average price is $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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy's dividend payout ratio is presently 589.74%.
Expand Energy Profile
(
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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