Teachers Retirement System of The State of Kentucky Acquires New Holdings in Expand Energy Corporation (NASDAQ:EXE)

Teachers Retirement System of The State of Kentucky bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 254,164 shares of the company's stock, valued at approximately $28,294,000. Teachers Retirement System of The State of Kentucky owned approximately 0.11% of Expand Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $518,328,000. Bank of New York Mellon Corp bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $326,670,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $127,038,000. Stephens Investment Management Group LLC bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $108,048,000. Finally, Canoe Financial LP bought a new stake in shares of Expand Energy during the 1st quarter worth approximately $79,015,000. Institutional investors own 97.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EXE shares. Wells Fargo & Company dropped their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Benchmark increased their price target on Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. Scotiabank increased their price target on Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Finally, Sanford C. Bernstein upgraded 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. One 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 data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $129.80.

Expand Energy Price Performance

Shares of EXE opened at $108.64 on Friday. Expand Energy Corporation has a 1 year low of $81.66 and a 1 year high of $123.35. 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 company has a market capitalization of $25.85 billion, a price-to-earnings ratio of -20.27 and a beta of 0.48. The business has a 50-day moving average of $114.14 and a 200-day moving average of $107.86.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

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

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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