Illinois Municipal Retirement Fund Buys Shares of 7,261 Expand Energy Corporation (NASDAQ:EXE)

Illinois Municipal Retirement Fund acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,261 shares of the company's stock, valued at approximately $808,000.

Several other institutional investors have also recently modified their holdings of the company. Princeton Global Asset Management LLC purchased a new stake in Expand Energy in the first quarter valued at $31,000. Peoples Bank KS purchased a new position in shares of Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at about $56,000. Piscataqua Savings Bank purchased a new stake in shares of Expand Energy in the first quarter worth about $58,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Expand Energy in the first quarter worth about $75,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXE has been the subject of a number of analyst reports. Benchmark boosted their price target on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. UBS Group lifted their target price on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday. Barclays raised shares of Expand Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Finally, TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and raised their target price 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 given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $128.40.

Expand Energy Price Performance

Shares of EXE stock traded down $2.39 during trading hours on Thursday, reaching $107.95. The company had a trading volume of 1,807,029 shares, compared to its average volume of 3,372,384. Expand Energy Corporation has a 12-month low of $81.66 and a 12-month 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 market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. The stock has a fifty day moving average of $114.07 and a 200-day moving average of $106.92.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $2.10 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. Expand Energy's dividend payout ratio (DPR) 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.