Guidance Capital Inc. Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Guidance Capital Inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,744 shares of the company's stock, valued at approximately $502,000.

Several other institutional investors also recently added to or reduced their stakes in EXE. First Horizon Advisors Inc. purchased a new position in Expand Energy in the 1st quarter valued at $28,000. Princeton Global Asset Management LLC purchased a new position in Expand Energy in the 1st quarter valued at $31,000. BankPlus Trust Department purchased a new position in Expand Energy in the 1st quarter valued at $32,000. Peoples Bank KS purchased a new position in Expand Energy in the 1st quarter valued at $33,000. Finally, Key Financial Inc purchased a new position in Expand Energy in the 1st quarter valued at $41,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Stock Performance

EXE stock traded down $1.43 during trading on Friday, reaching $98.17. 2,399,200 shares of the company's stock were exchanged, compared to its average volume of 3,433,729. 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 1-year low of $69.12 and a 1-year high of $123.35. The company's fifty day moving average price is $112.74 and its 200-day moving average price is $107.78. The firm has a market cap of $23.36 billion, a PE ratio of -18.32 and a beta of 0.48.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.34%. Expand Energy's dividend payout ratio (DPR) is -42.91%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Wells Fargo & Company dropped their price objective 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. Barclays upped their price objective on Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Finally, KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Expand Energy has a consensus rating of "Buy" and a consensus target price of $129.80.

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.