Choreo LLC Acquires New Position in Expand Energy Corporation (NASDAQ:EXE)

Choreo LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,798 shares of the company's stock, valued at approximately $423,000.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in Expand Energy during the first quarter worth about $28,000. Princeton Global Asset Management LLC bought a new position in Expand Energy during the 1st quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $32,000. Peoples Bank KS acquired a new stake in Expand Energy in the 1st quarter valued at $33,000. Finally, Key Financial Inc purchased a new position in Expand Energy during the 1st quarter worth $41,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Trading Down 2.0%

Expand Energy stock traded down $2.15 during midday trading on Friday, reaching $102.63. The stock had a trading volume of 1,000,478 shares, compared to its average volume of 3,790,899. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35. The stock has a market capitalization of $24.42 billion, a PE ratio of 262.89 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.59 and a current ratio of 0.78. The stock's 50-day simple moving average is $111.72 and its 200 day simple moving average is $107.72.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's payout ratio is currently 589.74%.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of recent analyst reports. Tudor Pickering & Holt lowered their target price on Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. UBS Group upped their price objective on shares of Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Roth Capital set a $125.00 price target on shares of Expand Energy in a report on Wednesday. Finally, Bernstein Bank lowered their price objective on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $129.50.

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.