Allspring Global Investments Holdings LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,549 shares of the company's stock, valued at approximately $1,077,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Schwartz Investment Counsel Inc. purchased a new stake in shares of Expand Energy during the first quarter worth $41,235,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Expand Energy during the first quarter valued at about $2,601,000. Oakworth Capital Inc. bought a new position in Expand Energy during the first quarter valued at about $271,000. Philip James Wealth Mangement LLC bought a new position in Expand Energy during the first quarter valued at about $300,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Expand Energy in the first quarter worth about $257,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Expand Energy Trading Down 1.3%
Shares of NASDAQ:EXE traded down $1.34 during mid-day trading on Thursday, hitting $103.87. The company had a trading volume of 468,961 shares, compared to its average volume of 3,359,602. The firm has a fifty day moving average price of $114.24 and a 200 day moving average price of $107.33. The company has a market capitalization of $24.72 billion, a PE ratio of -19.39 and a beta of 0.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating 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 negative net margin of 18.49% and a positive return on equity of 4.64%. As a group, research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the company. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Wells Fargo & Company lifted their price objective on Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Morgan Stanley lifted their target price on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. 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's stock. Based on data from MarketBeat.com, Expand Energy currently has an average rating of "Buy" and a consensus target price of $129.25.
Read Our Latest Stock Analysis on EXE
Expand Energy Company 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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