New Mexico Educational Retirement Board acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,700 shares of the company's stock, valued at approximately $1,080,000.
Several other institutional investors and hedge funds also recently made changes to their positions in EXE. First Horizon Advisors Inc. purchased a new stake in Expand Energy in the first quarter valued at approximately $28,000. Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy in the first quarter worth $31,000. Peoples Bank KS bought a new stake in Expand Energy in the first quarter valued at $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy in the first quarter valued at $56,000. Finally, Westside Investment Management Inc. bought a new stake in Expand Energy in the first quarter valued at $56,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. UBS Group increased their price target on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Piper Sandler raised their price objective on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. Mizuho raised their price objective on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, TD Cowen raised Expand Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. 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. According to MarketBeat, Expand Energy presently has an average rating of "Buy" and an average target price of $129.80.
Check Out Our Latest Stock Analysis on Expand Energy
Expand Energy Price Performance
Expand Energy stock traded down $2.07 during mid-day trading on Tuesday, hitting $107.51. 3,389,503 shares of the company were exchanged, compared to its average volume of 3,371,580. The company has a market capitalization of $25.59 billion, a P/E ratio of -20.06 and a beta of 0.48. 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 Corporation has a 12-month low of $81.66 and a 12-month high of $123.35. The business's 50 day simple moving average is $114.27 and its two-hundred day simple moving average is $107.59.
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 forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.
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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