Chevy Chase Trust Holdings LLC Takes $12.28 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Chevy Chase Trust Holdings LLC acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 110,292 shares of the company's stock, valued at approximately $12,278,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth about $31,000. Peoples Bank KS bought a new position in shares of Expand Energy in the 1st quarter worth about $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Expand Energy in the 1st quarter worth about $56,000. Piscataqua Savings Bank bought a new position in shares of Expand Energy in the 1st quarter worth about $58,000. Finally, Sentry Investment Management LLC bought a new position in shares of Expand Energy in the 1st quarter worth about $78,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXE has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Sanford C. Bernstein raised shares of 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. Truist Financial cut their price objective on shares of Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Stephens cut their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company increased their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $127.55.

Expand Energy Stock Performance

NASDAQ EXE traded up $0.29 on Friday, reaching $118.96. 5,158,265 shares of the stock were exchanged, compared to its average volume of 3,381,099. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The firm has a market capitalization of $28.31 billion, a PE ratio of -22.19 and a beta of 0.49. The company's 50-day simple moving average is $113.26 and its two-hundred day simple moving average is $106.49. 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 (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders 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 yield of 1.93%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is -42.91%.

Expand Energy 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.