Blair William & Co. IL purchased a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,456 shares of the company's stock, valued at approximately $385,000.
Other institutional investors have also modified their holdings of the company. Harbour Investments Inc. bought a new stake in Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. bought a new stake in Expand Energy in the first quarter valued at about $28,000. Cheviot Value Management LLC bought a new stake in Expand Energy in the first quarter valued at about $29,000. Princeton Global Asset Management LLC bought a new stake in Expand Energy in the first quarter valued at about $31,000. Finally, BankPlus Trust Department bought a new stake in Expand Energy in the first quarter valued at about $32,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the company. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a report on Thursday, May 22nd. Tudor Pickering & Holt lowered their price objective on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the company a "buy" rating in a report on Saturday, June 14th. Siebert Williams Shank lowered their target price on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Finally, UBS Group upped their target price on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $128.96.
Check Out Our Latest Report on Expand Energy
Expand Energy Stock Performance
EXE stock traded up $0.14 on Friday, reaching $95.13. The company's stock had a trading volume of 6,683,870 shares, compared to its average volume of 3,669,823. Expand Energy Corporation has a 52 week low of $69.12 and a 52 week high of $123.35. The company has a market capitalization of $22.66 billion, a P/E ratio of 243.93 and a beta of 0.46. The firm has a fifty day moving average of $107.78 and a two-hundred day moving average of $107.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. As a group, analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, August 14th. Expand Energy's dividend payout ratio is 589.74%.
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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