2,299 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Essex Savings Bank

Essex Savings Bank bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,299 shares of the company's stock, valued at approximately $256,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $31,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new position in Expand Energy during the first quarter valued at $56,000. Piscataqua Savings Bank purchased a new position in Expand Energy during the first quarter valued at $58,000. Finally, Sentry Investment Management LLC purchased a new position in Expand Energy during the first quarter valued at $78,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

EXE has been the topic of several analyst reports. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Stephens lowered their price target on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley lifted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Benchmark lifted their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. One research 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 stock has an average rating of "Buy" and an average price target of $127.55.

Expand Energy Price Performance

Shares of Expand Energy stock traded up $1.28 on Friday, hitting $122.05. 5,593,784 shares of the company traded hands, compared to its average volume of 3,376,499. The stock has a market capitalization of $29.05 billion, a P/E ratio of 44.08 and a beta of 0.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $123.34. The business has a 50-day simple moving average of $111.62 and a 200 day simple moving average of $105.68.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion for 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%. Research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's dividend payout ratio is presently -42.91%.

About Expand Energy

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.