Robeco Institutional Asset Management B.V. Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Robeco Institutional Asset Management B.V. purchased a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,362 shares of the company's stock, valued at approximately $5,050,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy in the 1st quarter worth approximately $31,000. Peoples Bank KS purchased a new position in shares of Expand Energy in the first quarter worth $33,000. Future Financial Wealth Managment LLC purchased a new stake in Expand Energy in the first quarter valued at approximately $56,000. Piscataqua Savings Bank purchased a new position in shares of Expand Energy during the 1st quarter valued at about $58,000. Finally, Bessemer Group Inc. acquired a new position in Expand Energy in the 1st quarter worth about $75,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXE. Mizuho increased their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley raised their price objective on Expand Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Barclays raised Expand Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. TD Cowen upgraded shares of 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. Finally, KeyCorp set a $135.00 price target on Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $128.40.

Expand Energy Stock Down 0.8%

Shares of NASDAQ EXE traded down $0.85 on Wednesday, reaching $110.34. 3,480,995 shares of the company's stock traded hands, compared to its average volume of 3,380,756. Expand Energy Corporation has a 12 month low of $81.66 and a 12 month high of $123.35. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 40.58 and a beta of 0.48. The business's 50 day simple moving average is $114.07 and its two-hundred day simple moving average is $106.92. 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 announced its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations 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, equities research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared 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 2.08%. The ex-dividend date was Thursday, May 15th. Expand Energy's 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.