Allspring Global Investments Holdings LLC Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Allspring Global Investments Holdings LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,549 shares of the company's stock, valued at approximately $1,077,000.

Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. bought a new stake in Expand Energy in the first quarter worth $1,383,000. Bessemer Group Inc. purchased a new stake in shares of Expand Energy in the first quarter worth $75,000. Miracle Mile Advisors LLC bought a new position in shares of Expand Energy during the first quarter valued at $1,538,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Expand Energy in the 1st quarter worth about $215,000. Institutional investors own 97.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Piper Sandler raised their price target on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Wells Fargo & Company upped their price objective on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and increased their target price for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Finally, Stephens decreased their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $129.25.

Expand Energy Stock Performance

Expand Energy stock remained flat at $105.20 during midday trading on Thursday. 2,646,256 shares of the company traded hands, compared to its average volume of 3,370,414. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The stock has a market capitalization of $25.04 billion, a P/E ratio of -19.63 and a beta of 0.48. The stock has a 50-day moving average of $114.27 and a two-hundred day moving average of $107.39.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The business 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%. As a group, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

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.