Dimensional Fund Advisors LP Makes New $380.17 Million Investment in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Dimensional Fund Advisors LP has made a substantial investment in Expand Energy Corporation, acquiring approximately $380 million for 3,415,177 shares in the first quarter.
• Expand Energy Corporation's stock received multiple upgrades from analysts, with a consensus target price of around $128.96 and an average rating of "Buy."
• The company is set to pay a quarterly dividend of $0.575 to stockholders, reflecting an annualized yield of 2.4% despite a high dividend payout ratio of 589.74%.

Dimensional Fund Advisors LP acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,415,177 shares of the company's stock, valued at approximately $380,171,000. Dimensional Fund Advisors LP owned 1.44% of Expand Energy at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. bought a new stake in shares of Expand Energy in the first quarter valued at approximately $27,000. First Horizon Advisors Inc. bought a new stake in shares of Expand Energy in the first quarter valued at approximately $28,000. Cheviot Value Management LLC bought a new stake in shares of Expand Energy in the first quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new stake in shares of Expand Energy in the first quarter valued at approximately $29,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of Expand Energy in the first quarter valued at approximately $31,000. 97.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EXE. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research report on Thursday, May 22nd. Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley raised their target price on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Capital One Financial reduced their target price on Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Expand Energy in a research report on Wednesday. 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $128.96.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $95.13 on Friday. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35. The firm has a market cap of $22.66 billion, a PE ratio of 243.93 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The business has a fifty day moving average of $107.78 and a 200-day moving average of $107.21.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is 589.74%.

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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