13,075 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,075 shares of the company's stock, valued at approximately $1,456,000.

A number of other hedge funds have also bought and sold shares of EXE. First Horizon Advisors Inc. bought a new position in shares of Expand Energy in the 1st quarter worth approximately $28,000. Princeton Global Asset Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth approximately $31,000. Peoples Bank KS bought a new position in shares of Expand Energy in the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Expand Energy in the 1st quarter worth approximately $56,000. Finally, Westside Investment Management Inc. bought a new position in shares of Expand Energy in the 1st quarter worth approximately $56,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of EXE stock traded down $2.52 on Tuesday, reaching $106.38. The company's stock had a trading volume of 4,017,834 shares, compared to its average volume of 3,799,930. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $114.23 and its 200-day simple moving average is $107.35. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of -19.85 and a beta of 0.48. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35.

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 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%. Analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio is currently -42.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Monday, June 16th. Stephens reduced their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and increased their target price for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, Barclays increased their price objective on shares of Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a report on Monday. One 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $129.25.

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.