Mizuho Securities USA LLC Takes $1.88 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Mizuho Securities USA LLC acquired 16,839 shares of Expand Energy Corporation valued at approximately $1,875,000 in the first quarter.
• Expand Energy recently announced a quarterly dividend of $0.575, with a dividend yield of 2.3% and a payout ratio of 589.74%.
• Analysts have mixed ratings on Expand Energy, with one hold rating, seventeen buy ratings, and three strong buy ratings, reflecting a diverse outlook among investors.

Mizuho Securities USA LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 16,839 shares of the company's stock, valued at approximately $1,875,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Expand Energy in the first quarter worth about $36,507,000. Parallel Advisors LLC purchased a new position in shares of Expand Energy during the 1st quarter valued at $286,000. Doliver Advisors LP purchased a new stake in Expand Energy in the 1st quarter worth $446,000. Peoples Bank KS purchased a new position in Expand Energy in the first quarter worth about $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Expand Energy during the 1st quarter valued at about $466,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Trading Down 0.4%

NASDAQ EXE traded down $0.34 during mid-day trading on Friday, hitting $94.66. The company's stock had a trading volume of 4,476,907 shares, compared to its average volume of 3,764,241. The firm has a market capitalization of $22.54 billion, a P/E ratio of 242.25 and a beta of 0.46. The stock's fifty day simple moving average is $108.22 and its two-hundred day simple moving average is $107.26. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) 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 analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

Analysts Set New Price Targets

A number of research firms recently commented on EXE. Piper Sandler decreased their target price on shares of Expand Energy from $140.00 to $136.00 and set an "overweight" rating for the company in a research report on Thursday. Siebert Williams Shank decreased their price objective on shares of Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Scotiabank reaffirmed an "outperform" rating on shares of Expand Energy in a report on Wednesday. Capital One Financial decreased their price target on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Finally, Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $128.96.

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.