Hennessy Advisors Inc. Makes New $390,000 Investment in Expand Energy Corporation (NASDAQ:EXE)

Hennessy Advisors Inc. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,500 shares of the company's stock, valued at approximately $390,000.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. UBS Group lowered their price target on Expand Energy from $131.00 to $129.00 and set a "buy" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Mizuho upped their target price on shares of Expand Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price target on shares of Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Monday. One equities research 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 company's stock. Based on data from MarketBeat, Expand Energy has an average rating of "Buy" and an average target price of $127.55.

Expand Energy Price Performance

Shares of Expand Energy stock traded up $1.18 on Thursday, hitting $120.77. The company's stock had a trading volume of 3,101,818 shares, compared to its average volume of 3,362,283. The company has a market capitalization of $28.74 billion, a P/E ratio of -22.53 and a beta of 0.49. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $121.10. The firm has a fifty day moving average price of $111.20 and a 200-day moving average price of $105.52. 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 (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates 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 research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.90%. Expand Energy's payout ratio is currently -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.