Cwm LLC Makes New Investment in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Cwm LLC has invested approximately $292,000 in Expand Energy Corporation, acquiring 2,627 shares during the first quarter.
• Wall Street analysts are optimistic about Expand Energy, with an average target price of $129.80 and a majority rating it as a “Buy.”
• Expand Energy recently announced a quarterly dividend of $0.575, reflecting an annual yield of 2.34% despite a negative net margin of 18.49%.

Cwm LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,627 shares of the company's stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in Expand Energy during the 1st quarter valued at approximately $28,000. Princeton Global Asset Management LLC bought a new position in Expand Energy during the 1st quarter valued at approximately $31,000. BankPlus Trust Department bought a new position in Expand Energy during the 1st quarter valued at approximately $32,000. Peoples Bank KS bought a new position in Expand Energy during the 1st quarter valued at approximately $33,000. Finally, Future Financial Wealth Managment LLC bought a new position in Expand Energy during the 1st quarter valued at approximately $56,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of several research analyst reports. Barclays raised their target price on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Piper Sandler raised their target price on shares of Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Stephens dropped their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Scotiabank raised their target price on shares of Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Finally, KeyCorp set a $135.00 target price on shares of Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $129.80.

Expand Energy Stock Down 1.4%

Shares of Expand Energy stock opened at $98.17 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market capitalization of $23.36 billion, a PE ratio of -18.32 and a beta of 0.48. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a 50-day simple moving average of $112.74 and a two-hundred day simple moving average of $107.74.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations 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, analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 2.34%. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Expand Energy Company 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.

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