Asset Management One Co. Ltd. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 83,362 shares of the company's stock, valued at approximately $9,280,000.
Several other hedge funds also recently bought and sold shares of the stock. Princeton Global Asset Management LLC purchased a new stake in Expand Energy in the 1st quarter worth approximately $31,000. Peoples Bank KS purchased a new stake in shares of Expand Energy in the first quarter valued at $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Expand Energy in the first quarter valued at $56,000. Piscataqua Savings Bank purchased a new stake in Expand Energy in the 1st quarter valued at about $58,000. Finally, Sentry Investment Management LLC purchased a new stake in Expand Energy in the first quarter valued at approximately $78,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on EXE. KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and upped their target price for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Barclays raised shares of Expand Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $115.00 to $122.00 in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company increased their price target on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. 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 stock. According to data from MarketBeat.com, Expand Energy presently has a consensus rating of "Buy" and an average price target of $127.55.
View Our Latest Research Report on EXE
Expand Energy Price Performance
Shares of NASDAQ EXE opened at $118.96 on Friday. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35. The stock has a market cap of $28.31 billion, a P/E ratio of -22.19 and a beta of 0.49. The firm's 50-day simple moving average is $113.26 and its 200 day simple moving average is $106.49. 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 (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Equities analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.
About Expand Energy
(
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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