Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,313 shares of the company's stock, valued at approximately $257,000.
A number of other hedge funds also recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new stake in Expand Energy in the 1st quarter worth approximately $36,507,000. Parallel Advisors LLC purchased a new position in shares of Expand Energy in the first quarter worth $286,000. Doliver Advisors LP acquired a new stake in shares of Expand Energy during the first quarter worth $446,000. Peoples Bank KS acquired a new stake in shares of Expand Energy during the first quarter worth $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Expand Energy during the first quarter valued at $466,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Analyst Ratings Changes
EXE has been the subject of a number of research reports. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company upped their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a report on Monday, June 16th. Barclays upgraded shares of Expand Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $115.00 to $122.00 in a research report on Tuesday, April 15th. Finally, Mizuho increased their price target on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Expand Energy currently has an average rating of "Buy" and a consensus target price of $128.40.
Get Our Latest Stock Report on Expand Energy
Expand Energy Price Performance
EXE traded down $0.90 during trading on Wednesday, reaching $110.29. The company's stock had a trading volume of 2,639,948 shares, compared to its average volume of 3,812,188. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The company has a market cap of $26.25 billion, a price-to-earnings ratio of -20.58 and a beta of 0.48. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $113.97 and a two-hundred day simple moving average of $106.90.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its 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. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.09%. Expand Energy's payout ratio is currently -42.91%.
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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