DekaBank Deutsche Girozentrale bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,074 shares of the company's stock, valued at approximately $654,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of EXE. Bank of New York Mellon Corp bought a new position in Expand Energy in the 1st quarter worth about $326,670,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Expand Energy in the first quarter worth approximately $127,038,000. Canoe Financial LP bought a new position in shares of Expand Energy in the first quarter worth approximately $79,015,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Expand Energy in the first quarter valued at approximately $60,722,000. Finally, Principal Financial Group Inc. bought a new stake in Expand Energy during the first quarter valued at approximately $46,811,000. 97.93% of the stock is currently owned by institutional investors.
Expand Energy Trading Up 3.8%
Shares of EXE stock traded up $4.01 during trading hours on Monday, reaching $109.58. The company's stock had a trading volume of 4,288,606 shares, compared to its average volume of 3,783,181. 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 one year low of $69.12 and a one year high of $123.35. The stock has a market capitalization of $26.08 billion, a P/E ratio of -20.44 and a beta of 0.48. The firm's fifty day simple moving average is $114.27 and its 200 day simple moving average is $107.59.
Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping 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 firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Dividend Announcement
The company 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 dividend yield of 2.10%. Expand Energy's dividend payout ratio is presently -42.91%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Morgan Stanley increased their target price on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. Barclays lifted their price target on Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a report on Thursday, May 22nd. Finally, KeyCorp set a $135.00 target price on Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. One research 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $129.50.
View Our Latest Analysis on EXE
Expand Energy Company 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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