Nuveen LLC Invests $83.45 Million in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Nuveen LLC acquired 749,650 shares of Expand Energy Corporation for around $83.45 million, representing about 0.32% of the company as of its latest filing.
• Expand Energy reported earnings of $1.10 per share, missing analysts' expectations, while also declaring a quarterly dividend of $0.575 with a yield of 2.4%.
• Analysts generally have a positive outlook on Expand Energy, with a consensus "Buy" rating and target prices ranging from $101 to $139.

Nuveen LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 749,650 shares of the company's stock, valued at approximately $83,451,000. Nuveen LLC owned approximately 0.32% of Expand Energy as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth about $2,973,033,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Expand Energy in the 1st quarter valued at about $518,328,000. Invesco Ltd. bought a new position in shares of Expand Energy during the 1st quarter worth approximately $433,431,000. Bank of New York Mellon Corp bought a new position in shares of Expand Energy during the 1st quarter worth approximately $326,670,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Expand Energy during the 1st quarter valued at approximately $224,301,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Shares of Expand Energy stock traded up $0.14 on Friday, hitting $95.13. The company's stock had a trading volume of 6,683,870 shares, compared to its average volume of 3,669,823. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $107.78 and a 200-day moving average price of $107.21. The company has a market capitalization of $22.66 billion, a P/E ratio of 243.93 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share 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 given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is 589.74%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Piper Sandler lowered their price target on shares of Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a report on Thursday. Roth Capital set a $125.00 price target on shares of Expand Energy in a report on Wednesday, July 30th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Mizuho increased their price target on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Expand Energy in a report on Wednesday. One 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. According to MarketBeat, Expand Energy has an average rating of "Buy" and a consensus price target of $128.96.

Expand Energy 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.