Sumitomo Mitsui DS Asset Management Company Ltd Makes New $2.51 Million Investment in Expand Energy Corporation (NASDAQ:EXE)

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,514 shares of the company's stock, valued at approximately $2,506,000.

Several other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of Expand Energy during the 1st quarter valued at $31,000. Peoples Bank KS bought a new stake in shares of Expand Energy during the 1st quarter valued at $33,000. Future Financial Wealth Managment LLC bought a new stake in shares of Expand Energy during the 1st quarter valued at $56,000. Westside Investment Management Inc. bought a new stake in shares of Expand Energy during the 1st quarter valued at $56,000. Finally, Piscataqua Savings Bank bought a new stake in shares of Expand Energy during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXE. Benchmark upped their price objective on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Mizuho upped their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a research report on Tuesday. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. Morgan Stanley upped their price objective on shares of Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, Sanford C. Bernstein upgraded shares of Expand Energy to a "strong-buy" rating and set a $150.00 price objective for the company in a research report on Thursday, May 22nd. One equities 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $128.40.

Expand Energy Price Performance

EXE stock opened at $107.95 on Friday. The stock has a market cap of $25.69 billion, a PE ratio of -20.14 and a beta of 0.48. The stock has a 50-day moving average price of $114.20 and a two-hundred day moving average price of $107.08. The company has a current ratio of 0.59, a quick 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 announced its quarterly earnings data 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 during 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%. Equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's payout ratio is -42.91%.

About Expand Energy

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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