Machina Capital S.A.S. Makes New $575,000 Investment in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Machina Capital S.A.S. acquired 5,164 shares of Expand Energy Corporation for approximately $575,000 in the first quarter, indicating growing interest from institutional investors in the company.
• Several institutional investors including Massachusetts Financial Services and Bank of New York Mellon made significant new investments in Expand Energy, collectively owning 97.93% of the company's stock.
• Expand Energy recently declared a quarterly dividend of $0.575 per share, translating to an annualized yield of 2.34% and a payout ratio of -42.91%.

Machina Capital S.A.S. bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,164 shares of the company's stock, valued at approximately $575,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new position in shares of Expand Energy during the 1st quarter valued at $28,000. Princeton Global Asset Management LLC bought a new position in shares of Expand Energy during the 1st quarter valued at $31,000. BankPlus Trust Department bought a new position in shares of Expand Energy during the 1st quarter valued at $32,000. Peoples Bank KS bought a new position in shares of Expand Energy during the 1st quarter valued at $33,000. Finally, Key Financial Inc bought a new position in shares of Expand Energy during the 1st quarter valued at $41,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EXE shares. Piper Sandler increased their target price 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 raised their price target for the stock from $108.00 to $116.00 in a report on Tuesday, April 8th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Barclays raised their price target on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Benchmark raised their price target on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $129.80.

Expand Energy Stock Down 1.1%

NASDAQ EXE traded down $1.09 during trading hours on Monday, reaching $97.08. 885,346 shares of the company's stock traded hands, compared to its average volume of 3,761,219. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The firm has a market cap of $23.10 billion, a PE ratio of -18.13 and a beta of 0.48. The firm has a 50-day simple moving average of $112.74 and a 200 day simple moving average of $107.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59.

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, beating analysts' consensus estimates 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 company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm 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 of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.37%. Expand Energy's dividend payout ratio (DPR) is currently -42.91%.

Expand Energy 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.