MFG Wealth Management Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 18,169 shares of the company's stock, valued at approximately $2,023,000. Expand Energy makes up approximately 1.9% of MFG Wealth Management Inc.'s investment portfolio, making the stock its 24th biggest position.
Other institutional investors have also bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new stake in Expand Energy in the first quarter valued at approximately $31,000. Peoples Bank KS purchased a new stake in Expand Energy in the first quarter valued at approximately $33,000. Future Financial Wealth Managment LLC purchased a new stake in Expand Energy in the first quarter valued at approximately $56,000. Piscataqua Savings Bank purchased a new stake in Expand Energy in the first quarter valued at approximately $58,000. Finally, Bessemer Group Inc. purchased a new stake in Expand Energy in the first quarter valued at approximately $75,000. 97.93% of the stock is owned by hedge funds and other institutional investors.
Expand Energy Trading Up 0.2%
Expand Energy stock traded up $0.29 during midday trading on Friday, reaching $118.96. The stock had a trading volume of 5,158,265 shares, compared to its average volume of 3,381,099. Expand Energy Corporation has a twelve month low of $81.66 and a twelve month high of $123.35. The stock has a market capitalization of $28.31 billion, a PE ratio of -22.19 and a beta of 0.49. 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 stock's 50-day simple moving average is $113.26 and its 200 day simple moving average is $106.49.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Analysts expect 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 was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.
Analyst Ratings Changes
Several research firms have commented on EXE. Morgan Stanley boosted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. reduced their target price on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Stephens lowered their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Benchmark increased 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. Finally, UBS Group reduced their price objective on shares of Expand Energy from $131.00 to $129.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Expand Energy presently has an average rating of "Buy" and a consensus price target of $127.55.
Get Our Latest Research Report on Expand Energy
Expand Energy Company 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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