TD Asset Management Inc Purchases New Position in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• TD Asset Management Inc invested approximately $45.40 million in Expand Energy Corporation, acquiring 407,865 shares and holding about 0.17% of the company as of the latest quarter.
• Wall Street analysts remain optimistic about Expand Energy, with fourteen buy ratings and a consensus price target of $129.80, indicating strong growth potential.
• Expand Energy's stock price recently reached $99.37, showing fluctuations between a one-year low of $69.12 and high of $123.35, as analysts project an EPS of 1.33 for the current fiscal year.

TD Asset Management Inc acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 407,865 shares of the company's stock, valued at approximately $45,404,000. TD Asset Management Inc owned approximately 0.17% of Expand Energy at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new stake in Expand Energy in the 1st quarter valued at $28,000. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy in the first quarter valued at approximately $31,000. BankPlus Trust Department acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $32,000. Peoples Bank KS bought a new stake in shares of Expand Energy in the 1st quarter worth $33,000. Finally, Key Financial Inc purchased a new stake in Expand Energy during the first quarter valued at about $41,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EXE shares. Capital One Financial reduced their target price on shares of Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Roth Capital set a $125.00 price objective on Expand Energy in a research note on Wednesday. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Scotiabank lifted their price objective on Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Finally, Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 target price 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $129.50.

Expand Energy Price Performance

Expand Energy stock traded down $2.62 during midday trading on Friday, reaching $102.16. 1,232,889 shares of the company were exchanged, compared to its average volume of 3,792,329. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 261.89 and a beta of 0.48. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.59 and a current ratio of 0.78. The firm's 50-day simple moving average is $111.72 and its 200-day simple moving average is $107.72.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, analysts anticipate 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 will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy's dividend payout ratio is presently 589.74%.

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.