Greenleaf Trust Takes $422,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Greenleaf Trust 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 firm purchased 3,795 shares of the company's stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Expand Energy during the 1st quarter worth $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new position in Expand Energy during the 1st quarter worth $127,038,000. Canoe Financial LP purchased a new position in Expand Energy during the 1st quarter worth $79,015,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Expand Energy during the 1st quarter worth $60,722,000. Finally, Principal Financial Group Inc. purchased a new position in Expand Energy during the 1st quarter worth $46,811,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXE has been the topic of several research analyst reports. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. Stephens dropped their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Truist Financial dropped their price target on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Piper Sandler boosted their price target on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. One equities 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $129.50.

Expand Energy Stock Performance

Shares of EXE stock opened at $105.57 on Friday. The stock has a market cap of $25.12 billion, a PE ratio of -19.70 and a beta of 0.48. The business has a 50-day simple moving average of $114.27 and a 200-day simple moving average of $107.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.35.

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

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.18%. Expand Energy's payout ratio is -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.

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