New York State Teachers Retirement System Acquires New Shares in Expand Energy Corporation (NASDAQ:EXE)

New York State Teachers Retirement System purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 144,371 shares of the company's stock, valued at approximately $16,071,000. New York State Teachers Retirement System owned about 0.06% of Expand Energy at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXE. Wells Fargo & Company increased their target price on shares of Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Morgan Stanley upped their price target on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Stephens cut their price objective on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler upped their target price on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price target on Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Expand Energy has an average rating of "Buy" and a consensus price target of $128.40.

Expand Energy Stock Down 2.2%

EXE traded down $2.39 during midday trading on Thursday, reaching $107.95. The company's stock had a trading volume of 1,807,029 shares, compared to its average volume of 3,372,384. The stock's 50-day moving average is $114.14 and its 200-day moving average is $107.00. Expand Energy Corporation has a 1 year low of $81.66 and a 1 year high of $123.35. The firm has a market capitalization of $25.69 billion, a price-to-earnings ratio of -20.14 and a beta of 0.48. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. Expand Energy's dividend payout ratio is presently -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.