Nisa Investment Advisors LLC Takes $1.09 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Nisa Investment Advisors LLC purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,753 shares of the company's stock, valued at approximately $1,086,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXE. Bank of New York Mellon Corp bought a new stake in shares of Expand Energy during the 1st quarter worth $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $127,038,000. Canoe Financial LP purchased a new position in shares of Expand Energy in the 1st quarter worth about $79,015,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Expand Energy during the 1st quarter valued at about $60,722,000. Finally, Principal Financial Group Inc. bought a new position in shares of Expand Energy in the first quarter worth approximately $46,811,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Shares of NASDAQ:EXE traded down $2.07 during mid-day trading on Tuesday, reaching $107.51. The stock had a trading volume of 3,389,724 shares, compared to its average volume of 3,371,582. The company has a market cap of $25.59 billion, a P/E ratio of -20.06 and a beta of 0.48. The business's 50 day moving average price is $114.27 and its 200 day moving average price is $107.59. 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 Corporation has a 1 year low of $81.66 and a 1 year high of $123.35.

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

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is -42.91%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EXE shares. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Benchmark raised their target price on Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Truist Financial reduced their price target on shares of Expand Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. TD Cowen upgraded shares of Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, Piper Sandler increased their price target on shares of Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Expand Energy presently has a consensus rating of "Buy" and an average price target of $129.80.

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.