Easterly Investment Partners LLC Purchases Shares of 68,871 Expand Energy Corporation (NASDAQ:EXE)

Easterly Investment Partners LLC purchased a new stake in shares of 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 purchased 68,871 shares of the company's stock, valued at approximately $7,667,000.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on EXE shares. Morgan Stanley lifted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Wells Fargo & Company lowered their price objective on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Scotiabank raised their target price on 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, Benchmark boosted their price target on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. 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. According to data from MarketBeat, Expand Energy has a consensus rating of "Buy" and a consensus target price of $129.80.

Expand Energy Stock Up 0.5%

EXE stock traded up $0.49 during mid-day trading on Friday, hitting $108.64. 2,257,017 shares of the company were exchanged, compared to its average volume of 3,365,852. The firm has a market cap of $25.85 billion, a P/E ratio of -20.27 and a beta of 0.48. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35. 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 firm's 50 day simple moving average is $114.14 and its 200 day simple moving average is $107.81.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is currently -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.