3,918 Shares in Expand Energy Corporation (NASDAQ:EXE) Acquired by Baldwin Investment Management LLC

Key Points

• Baldwin Investment Management LLC has invested approximately $436,000 in Expand Energy Corporation (NASDAQ:EXE) by purchasing 3,918 shares in the first quarter.
• Expand Energy reported a quarterly earnings per share of $2.02, exceeding analyst expectations of $1.85, alongside a revenue of $2.20 billion.
• Analysts have generally rated Expand Energy positively, with a consensus target price of $129.80 and several firms upgrading the stock to "buy" or higher ratings.

Baldwin Investment Management LLC acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,918 shares of the company's stock, valued at approximately $436,000.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Expand Energy in the first quarter valued at $518,328,000. Bank of New York Mellon Corp purchased a new position in Expand Energy during the first quarter valued at $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new position in Expand Energy during the first quarter valued at $127,038,000. Stephens Investment Management Group LLC purchased a new position in Expand Energy during the first quarter valued at $108,048,000. Finally, Ninepoint Partners LP purchased a new position in Expand Energy during the first quarter valued at $89,056,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXE has been the subject of a number of recent analyst reports. Siebert Williams Shank decreased their target price on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Piper Sandler upped their price objective on Expand Energy from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays increased their price target on Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. UBS Group raised their price objective on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, Scotiabank increased their price target on Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Expand Energy currently has a consensus rating of "Buy" and an average target price of $129.50.

Expand Energy Price Performance

Expand Energy stock traded down $2.81 during mid-day trading on Friday, reaching $101.97. The company had a trading volume of 1,360,091 shares, compared to its average volume of 3,793,148. Expand Energy Corporation has a fifty-two week low of $69.12 and a fifty-two week high of $123.35. The company has a current ratio of 0.78, a quick ratio of 0.59 and a debt-to-equity ratio of 0.29. The company has a market cap of $24.27 billion, a P/E ratio of 261.77 and a beta of 0.48. The business has a fifty day simple moving average of $111.72 and a 200 day simple moving average of $107.72.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is currently 589.74%.

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.