4,842 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,842 shares of the company's stock, valued at approximately $539,000.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in shares of Expand Energy during the first quarter valued at about $28,000. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy during the first quarter valued at about $31,000. Peoples Bank KS acquired a new position in shares of Expand Energy during the first quarter valued at about $33,000. Future Financial Wealth Managment LLC acquired a new position in Expand Energy in the 1st quarter worth approximately $56,000. Finally, Westside Investment Management Inc. acquired a new position in Expand Energy in the 1st quarter worth approximately $56,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXE shares. JPMorgan Chase & Co. cut their price target on shares of Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company increased their price target 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 increased their price target on shares of Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. UBS Group increased their price target on shares of Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Finally, TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $108.00 to $116.00 in a research report 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $129.25.

Expand Energy Trading Down 1.1%

Shares of EXE traded down $1.18 during midday trading on Wednesday, reaching $105.20. The company had a trading volume of 3,383,030 shares, compared to its average volume of 3,374,206. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35. The stock has a market cap of $25.04 billion, a PE ratio of -19.63 and a beta of 0.48. The firm has a 50 day simple moving average of $114.24 and a 200-day simple moving average of $107.33. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

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.