State of Alaska Department of Revenue Makes New Investment in Expand Energy Corporation (NASDAQ:EXE)

State of Alaska Department of Revenue bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,644 shares of the company's stock, valued at approximately $2,743,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC acquired a new stake in Expand Energy in the first quarter valued at approximately $31,000. Peoples Bank KS acquired a new stake in Expand Energy in the first quarter valued at approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in Expand Energy in the first quarter valued at approximately $56,000. Piscataqua Savings Bank acquired a new stake in Expand Energy in the first quarter valued at approximately $58,000. Finally, Sentry Investment Management LLC purchased a new position in Expand Energy in the first quarter valued at approximately $78,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $122.05 on Friday. 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 stock has a fifty day moving average price of $111.99 and a 200 day moving average price of $105.90. Expand Energy Corporation has a 1-year low of $81.66 and a 1-year high of $123.35. The company has a market cap of $29.05 billion, a PE ratio of -22.77 and a beta of 0.49.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 4.64% and a negative net margin of 18.49%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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. This represents a $2.30 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is currently -42.91%.

Analysts Set New Price Targets

EXE has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research note on Thursday, March 27th. UBS Group dropped their price target on shares of Expand Energy from $131.00 to $129.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Sanford C. Bernstein upgraded shares of Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. Benchmark increased their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Stephens lowered their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $127.55.

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.

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