King Luther Capital Management Corp acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 141,324 shares of the company's stock, valued at approximately $15,732,000. King Luther Capital Management Corp owned about 0.06% of Expand Energy at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in EXE. GAMMA Investing LLC bought a new stake in Expand Energy in the 1st quarter worth about $36,507,000. Parallel Advisors LLC bought a new stake in Expand Energy in the 1st quarter worth about $286,000. Doliver Advisors LP bought a new stake in Expand Energy in the 1st quarter worth about $446,000. Peoples Bank KS bought a new stake in Expand Energy in the 1st quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Expand Energy in the 1st quarter worth about $466,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Expand Energy Price Performance
Expand Energy stock traded up $0.76 during midday trading on Friday, reaching $95.75. 2,951,018 shares of the stock were exchanged, compared to its average volume of 3,754,760. The company's fifty day moving average is $108.22 and its 200-day moving average is $107.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $22.80 billion, a PE ratio of 245.58 and a beta of 0.46. Expand Energy Corporation has a 52 week low of $69.12 and a 52 week high of $123.35.
Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is 589.74%.
Analyst Ratings Changes
Several analysts have commented on EXE shares. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. Scotiabank reaffirmed an "outperform" rating on shares of Expand Energy in a research report on Wednesday. Wells Fargo & Company lowered their price objective 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. Barclays lifted their price objective on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Capital One Financial lowered their price objective on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $128.96.
Read Our Latest Research Report on Expand Energy
Expand Energy Profile
(
Free Report)
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.
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