National Pension Service Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• The National Pension Service has acquired approximately 296,942 shares of Expand Energy Corporation (NASDAQ: EXE), valued at about $33 million, representing a 0.12% ownership stake as of the most recent SEC filing.
• Expand Energy reported earnings of $1.10 per share in its latest quarterly results, missing the analyst estimate of $1.14, while generating revenues of $3.69 billion.
• The company declared a quarterly dividend of $0.575 per share, with an annualized yield of 2.4% and a payout ratio of 589.74%.

National Pension Service bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 296,942 shares of the company's stock, valued at approximately $33,056,000. National Pension Service owned approximately 0.12% of Expand Energy as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EXE. Harbour Investments Inc. acquired a new position in Expand Energy during the 1st quarter worth about $27,000. First Horizon Advisors Inc. acquired a new position in Expand Energy during the 1st quarter worth about $28,000. Cheviot Value Management LLC bought a new stake in Expand Energy during the 1st quarter worth about $29,000. Pinney & Scofield Inc. bought a new stake in Expand Energy during the 1st quarter worth about $29,000. Finally, Princeton Global Asset Management LLC bought a new stake in Expand Energy during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of EXE opened at $95.13 on Friday. 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 stock has a 50 day simple moving average of $107.78 and a 200 day simple moving average of $107.21. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The firm has a market capitalization of $22.66 billion, a PE ratio of 243.93 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 2.4%. Expand Energy's dividend payout ratio is 589.74%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group boosted their price objective on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Tudor Pickering & Holt dropped their price objective on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Bernstein Bank dropped their price objective on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, The Goldman Sachs Group dropped their price objective on Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $128.96.

About Expand Energy

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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