Brown Advisory Inc. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,929 shares of the company's stock, valued at approximately $326,000.
Several other institutional investors have also recently made changes to their positions in EXE. GAMMA Investing LLC purchased a new position in shares of Expand Energy during the first quarter valued at $36,507,000. Parallel Advisors LLC purchased a new position in shares of Expand Energy during the first quarter valued at $286,000. Doliver Advisors LP purchased a new position in shares of Expand Energy during the first quarter valued at $446,000. Peoples Bank KS purchased a new position in shares of Expand Energy during the first quarter valued at $33,000. Finally, Fifth Third Wealth Advisors LLC purchased a new position 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.
Expand Energy Stock Performance
Shares of Expand Energy stock traded up $0.80 on Wednesday, reaching $108.31. 3,515,977 shares of the stock were exchanged, compared to its average volume of 3,372,319. The business has a 50 day moving average price of $114.27 and a two-hundred day moving average price of $107.68. 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 market capitalization of $25.78 billion, a price-to-earnings ratio of -20.21 and a beta of 0.48. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on EXE shares. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. Benchmark raised their price objective on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Stephens dropped their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler raised their price objective on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, KeyCorp set a $135.00 price objective on Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $129.80.
View Our Latest Report on EXE
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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