Exchange Traded Concepts LLC Takes $408,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Exchange Traded Concepts LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,668 shares of the company's stock, valued at approximately $408,000.

A number of other institutional investors also recently modified their holdings of EXE. GAMMA Investing LLC bought a new stake in shares of Expand Energy in the first quarter valued at about $36,507,000. Parallel Advisors LLC bought a new stake in shares of Expand Energy in the first quarter valued at about $286,000. Doliver Advisors LP bought a new stake in shares of Expand Energy in the first quarter valued at about $446,000. Peoples Bank KS bought a new stake in Expand Energy during the first quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Expand Energy during the first quarter worth about $466,000. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Performance

Expand Energy stock opened at $122.05 on Friday. The business has a 50 day moving average of $111.99 and a 200-day moving average of $105.90. 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 company has a market capitalization of $29.05 billion, a P/E ratio of -22.77 and a beta of 0.49.

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. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on EXE shares. Benchmark boosted their target price on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. UBS Group reduced their price target on shares of Expand Energy from $131.00 to $129.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Mizuho boosted their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $127.55.

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.

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