6,627 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,627 shares of the company's stock, valued at approximately $738,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Princeton Global Asset Management LLC bought a new stake in Expand Energy in the 1st quarter valued at $31,000. Peoples Bank KS bought a new stake in Expand Energy in the 1st quarter valued at $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy in the 1st quarter valued at $56,000. Piscataqua Savings Bank bought a new stake in Expand Energy in the 1st quarter valued at $58,000. Finally, Sentry Investment Management LLC bought a new stake in Expand Energy in the 1st quarter valued at $78,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price target on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Truist Financial lowered their price target on shares of Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $127.55.

Expand Energy Price Performance

NASDAQ EXE traded up $1.28 on Friday, hitting $122.05. 5,593,784 shares of the company were exchanged, compared to its average volume of 3,376,499. The firm has a 50 day moving average of $111.99 and a two-hundred day moving average of $105.90. The company has a market cap of $29.05 billion, a P/E ratio of 44.54 and a beta of 0.49. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35.

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

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 1.88%. Expand Energy's dividend payout ratio (DPR) is -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.