CWA Asset Management Group LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,150 shares of the company's stock, valued at approximately $685,000.
A number of other institutional investors and hedge funds have also bought and sold shares of EXE. Princeton Global Asset Management LLC acquired a new stake in Expand Energy during the 1st quarter worth about $31,000. Peoples Bank KS bought a new position in Expand Energy in the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in Expand Energy in the 1st quarter valued at about $56,000. Piscataqua Savings Bank purchased a new stake in Expand Energy in the 1st quarter valued at about $58,000. Finally, Sentry Investment Management LLC purchased a new stake in Expand Energy in the 1st quarter valued at about $78,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Expand Energy Trading Up 1.1%
Shares of EXE stock traded up $1.28 during mid-day trading on Friday, reaching $122.05. The stock had a trading volume of 5,593,784 shares, compared to its average volume of 3,376,499. The stock's 50-day moving average price is $111.99 and its two-hundred day moving average price is $105.90. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.35. The firm has a market capitalization of $29.05 billion, a PE ratio of -22.77 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 (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Equities analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Announces Dividend
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. This represents a $2.30 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio is currently -42.91%.
Analyst Upgrades and Downgrades
EXE has been the subject of several research analyst reports. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company lifted 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 note on Monday, June 16th. UBS Group cut their price target on shares of Expand Energy from $131.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Piper Sandler raised 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. Finally, Mizuho lifted their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $127.55.
Check Out Our Latest Stock Analysis on EXE
Expand Energy Profile
(
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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