Philip James Wealth Mangement LLC Makes New Investment in Expand Energy Corporation (NASDAQ:EXE)

Philip James Wealth Mangement LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,697 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors also recently modified their holdings of EXE. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Expand Energy in the first quarter valued at $257,000. Pacific Global Investment Management Co. bought a new position in shares of Expand Energy during the first quarter worth approximately $1,849,000. Illinois Municipal Retirement Fund bought a new stake in Expand Energy in the 1st quarter valued at $808,000. Transcend Capital Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at $254,000. Finally, MFG Wealth Management Inc. bought a new position in Expand Energy during the 1st quarter worth $2,023,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of recent research reports. Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a research report on Thursday, May 22nd. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. JPMorgan Chase & Co. lowered their price objective on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Mizuho lifted their price objective on Expand Energy from $136.00 to $141.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company increased their target price on Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $127.55.

Expand Energy Trading Down 0.3%

Shares of NASDAQ EXE opened at $118.67 on Friday. The stock has a market cap of $28.24 billion, a P/E ratio of -22.14 and a beta of 0.49. Expand Energy Corporation has a 52-week low of $81.66 and a 52-week high of $123.35. The firm has a 50 day moving average price of $113.02 and a two-hundred day moving average price of $106.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59.

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, topping the consensus estimate of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 1.94%. Expand Energy's dividend payout ratio is currently -42.91%.

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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