Swiss National Bank bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 586,656 shares of the company's stock, valued at approximately $65,307,000. Swiss National Bank owned 0.25% of Expand Energy as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the stock. Harbour Investments Inc. bought a new stake in Expand Energy during the first quarter valued at about $27,000. First Horizon Advisors Inc. bought a new stake in Expand Energy during the first quarter valued at about $28,000. Pinney & Scofield Inc. purchased a new position in shares of Expand Energy during the first quarter valued at about $29,000. Cheviot Value Management LLC purchased a new position in shares of Expand Energy during the first quarter valued at about $29,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy during the first quarter valued at about $31,000. 97.93% of the stock is owned by institutional investors.
Expand Energy Stock Up 0.6%
Shares of EXE traded up $0.57 during trading hours on Wednesday, hitting $96.46. The company had a trading volume of 4,752,589 shares, compared to its average volume of 3,761,284. The company has a market capitalization of $22.97 billion, a PE ratio of 247.34 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35. The company's fifty day moving average price is $108.63 and its two-hundred day moving average price is $107.30.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is presently 589.74%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on EXE. Jefferies Financial Group set a $135.00 price objective on Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. Wolfe Research cut their price objective on Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Siebert Williams Shank cut their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Sanford C. Bernstein upgraded 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. Finally, Tudor Pickering & Holt dropped their price target on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $129.12.
Get Our Latest Analysis on EXE
Expand Energy Company Profile
(
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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