Sequent Asset Management LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,934 shares of the company's stock, valued at approximately $1,106,000. Expand Energy comprises 0.6% of Sequent Asset Management LLC's investment portfolio, making the stock its 28th biggest holding.
Several other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Expand Energy during the 1st quarter valued at $1,179,000. Miracle Mile Advisors LLC bought a new position in Expand Energy during the first quarter valued at $1,538,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Expand Energy in the first quarter valued at $485,000. Exchange Traded Concepts LLC bought a new stake in shares of Expand Energy in the 1st quarter worth about $408,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Expand Energy in the 1st quarter worth about $256,000. Institutional investors own 97.93% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday. Wells Fargo & Company upped their target price on Expand Energy from $112.00 to $114.00 and gave the company an "equal weight" rating in a research note on Monday, June 16th. Stephens decreased their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Barclays upgraded Expand Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $115.00 to $122.00 in a report on Tuesday, April 15th. Finally, KeyCorp set a $135.00 target price 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $128.40.
Check Out Our Latest Report on Expand Energy
Expand Energy Price Performance
EXE opened at $107.95 on Friday. The firm has a market capitalization of $25.69 billion, a PE ratio of -20.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The business's 50-day moving average is $114.14 and its two-hundred 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.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate 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 anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio is currently -42.91%.
About Expand Energy
(
Free Report)
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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