Signaturefd LLC Takes $267,000 Position in Expand Energy Corporation (NASDAQ:EXE)

Signaturefd LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,396 shares of the company's stock, valued at approximately $267,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in Expand Energy in the 1st quarter valued at approximately $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Expand Energy in the 1st quarter valued at approximately $127,038,000. Stephens Investment Management Group LLC purchased a new stake in Expand Energy in the 1st quarter valued at approximately $108,048,000. Canoe Financial LP purchased a new stake in Expand Energy in the 1st quarter valued at approximately $79,015,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Expand Energy during the 1st quarter worth approximately $60,722,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EXE shares. 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. Stephens reduced their target price on Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler upped their target price on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research note on Wednesday, May 28th. Benchmark upped their target price on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $129.80.

Expand Energy Stock Up 0.5%

NASDAQ EXE traded up $0.49 during trading hours on Friday, hitting $108.64. The company had a trading volume of 2,257,017 shares, compared to its average volume of 3,365,852. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of -20.27 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 firm's 50 day moving average is $114.14 and its 200 day moving average is $107.86.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.17. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were issued a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.12%. Expand Energy's dividend payout ratio is currently -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.