11,414 Shares in Expand Energy Corporation (NASDAQ:EXE) Acquired by Stephens Inc. AR

Stephens Inc. AR purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,414 shares of the company's stock, valued at approximately $1,271,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy in the first quarter worth about $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy in the first quarter worth about $31,000. BankPlus Trust Department purchased a new stake in shares of Expand Energy in the first quarter worth about $32,000. Peoples Bank KS purchased a new stake in shares of Expand Energy in the first quarter worth about $33,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Expand Energy in the first quarter worth about $56,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Up 0.5%

Shares of Expand Energy stock traded up $0.49 during midday trading on Friday, hitting $108.64. The company's stock had a trading volume of 2,257,017 shares, compared to its average volume of 3,365,852. The firm has a market capitalization of $25.85 billion, a P/E ratio of -20.27 and a beta of 0.48. The stock has a 50-day simple moving average of $114.14 and a 200-day simple moving average of $107.86. 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 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 posted its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates 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, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given 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 dividend yield of 2.12%. Expand Energy's dividend payout ratio is currently -42.91%.

Analyst Ratings Changes

A number of brokerages recently commented on EXE. Wells Fargo & Company reduced their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a report on Tuesday. Stephens reduced their price target on Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Piper Sandler increased their price target on Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a report on Wednesday, May 28th. Barclays increased their price target on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 price target for the company in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $129.80.

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.