Braun Stacey Associates Inc. Makes New $1.46 Million Investment in Expand Energy Corporation (NASDAQ:EXE)

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

A number of other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new position in Expand Energy in the 1st quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,383,000. Bessemer Group Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $75,000. Miracle Mile Advisors LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,538,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $485,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stephens decreased their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Piper Sandler lifted their price objective on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. UBS Group lifted their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Truist Financial decreased their price target on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Wells Fargo & Company boosted their price target on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Expand Energy presently has an average rating of "Buy" and an average price target of $129.25.

Expand Energy Trading Up 0.1%

Shares of EXE stock traded up $0.16 on Monday, reaching $108.90. 3,050,004 shares of the stock were exchanged, compared to its average volume of 3,370,679. The stock has a market cap of $25.92 billion, a PE ratio of -20.32 and a beta of 0.48. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50 day moving average price of $114.20 and a 200 day moving average price of $107.16.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.11%. Expand Energy's dividend payout ratio is presently -42.91%.

About Expand Energy

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.