Envestnet Asset Management Inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 121,210 shares of the company's stock, valued at approximately $13,493,000. Envestnet Asset Management Inc. owned about 0.05% of Expand Energy as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Expand Energy in the first quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. purchased a new position in Expand Energy during the 1st quarter worth $1,383,000. Bessemer Group Inc. purchased a new position in Expand Energy during the 1st quarter worth $75,000. Allspring Global Investments Holdings LLC purchased a new position in Expand Energy during the 1st quarter worth $1,077,000. Finally, Miracle Mile Advisors LLC purchased a new position in Expand Energy during the 1st quarter worth $1,538,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Expand Energy Price Performance
Shares of EXE stock traded up $0.49 during midday trading on Friday, reaching $108.64. 2,257,017 shares of the company traded hands, compared to its average volume of 3,365,852. The firm's 50 day simple moving average is $114.14 and its two-hundred day simple moving average is $107.86. 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 current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $25.85 billion, a PE ratio of -20.27 and a beta of 0.48.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data 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. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio is -42.91%.
Wall Street Analyst Weigh In
EXE has been the topic of a number of analyst reports. Mizuho lifted their price target on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Morgan Stanley lifted their price target on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Wells Fargo & Company cut their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Benchmark raised their price objective on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Finally, UBS Group raised their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $129.80.
View Our Latest Research Report 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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