Hohimer Wealth Management LLC Acquires Shares of 3,315 Expand Energy Corporation (NASDAQ:EXE)

Hohimer Wealth Management LLC acquired a new position 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 & Exchange Commission. The fund acquired 3,315 shares of the company's stock, valued at approximately $369,000.

A number of other large investors also recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy during the first quarter valued at $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy during the first quarter valued at $31,000. BankPlus Trust Department purchased a new stake in shares of Expand Energy during the first quarter valued at $32,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the first quarter valued at $33,000. Finally, Key Financial Inc purchased a new stake in shares of Expand Energy during the first quarter valued at $41,000. Institutional investors own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of EXE traded up $0.56 during mid-day trading on Friday, hitting $108.71. 1,075,917 shares of the company were exchanged, compared to its average volume of 3,360,267. 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 quick ratio of 0.59 and a current ratio of 0.59. The company has a 50 day moving average of $114.21 and a 200-day moving average of $107.74. The stock has a market cap of $25.87 billion, a price-to-earnings ratio of -20.32 and a beta of 0.48.

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 the consensus estimate of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.12%. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. UBS Group boosted their price objective on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Piper Sandler boosted their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. Finally, Mizuho upped their price target on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $129.80.

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.