Hazlett Burt & Watson Inc. Buys New Holdings in Expand Energy Corporation (NASDAQ:EXE)

Hazlett Burt & Watson Inc. bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,610 shares of the company's stock, valued at approximately $736,000.

Several other institutional investors have also recently made changes to their positions in EXE. First Horizon Advisors Inc. purchased a new position in shares of Expand Energy during the 1st quarter valued at approximately $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy during the first quarter worth $31,000. BankPlus Trust Department purchased a new stake in shares of Expand Energy during the first quarter worth $32,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the first quarter worth $33,000. Finally, Key Financial Inc purchased a new stake in shares of Expand Energy during the first quarter worth $41,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXE shares. 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 research report on Thursday, May 22nd. Wells Fargo & Company lowered their price target on shares of Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley boosted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Piper Sandler boosted their price target on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Finally, TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. 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. Based on data from MarketBeat.com, Expand Energy has an average rating of "Buy" and a consensus target price of $129.80.

Expand Energy Stock Up 0.7%

Shares of EXE traded up $0.73 during mid-day trading on Thursday, hitting $99.43. 2,155,492 shares of the company's stock were exchanged, compared to its average volume of 3,777,979. The company has a market cap of $23.66 billion, a price-to-earnings ratio of -18.59 and a beta of 0.48. Expand Energy Corporation has a fifty-two week low of $69.12 and a fifty-two week high of $123.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The stock's 50-day moving average is $113.35 and its 200-day moving average is $107.79.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results 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. The business 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%. On average, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced 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 of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 2.31%. Expand Energy's dividend payout ratio (DPR) is -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.