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9,549 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Allspring Global Investments Holdings LLC

Expand Energy logo with Energy background

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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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