Transcend Capital Advisors LLC Purchases Shares of 2,284 Expand Energy Corporation (NASDAQ:EXE)

Transcend Capital Advisors LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,284 shares of the company's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Expand Energy during the 1st quarter worth approximately $1,179,000. Miracle Mile Advisors LLC purchased a new stake in Expand Energy during the first quarter valued at $1,538,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Expand Energy during the first quarter valued at $485,000. Exchange Traded Concepts LLC bought a new position in Expand Energy during the first quarter valued at $408,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Expand Energy in the 1st quarter worth $256,000. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXE has been the topic of several recent research reports. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. Mizuho boosted their price objective on Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on Expand Energy from $115.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. UBS Group lifted their target price on Expand Energy from $144.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Barclays upgraded Expand Energy from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $115.00 to $122.00 in a report on Tuesday, April 15th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $128.40.

Expand Energy Trading Down 0.2%

EXE stock traded down $0.24 during mid-day trading on Thursday, reaching $110.10. The company had a trading volume of 1,800,353 shares, compared to its average volume of 3,372,349. The firm has a 50 day moving average of $114.07 and a 200 day moving average of $106.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. Expand Energy Corporation has a 12 month low of $81.66 and a 12 month high of $123.35. The company has a market capitalization of $26.20 billion, a PE ratio of -20.54 and a beta of 0.48.

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 (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $2.20 billion for 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%. On average, equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 2.09%. Expand Energy's dividend payout ratio is currently -42.91%.

Expand Energy 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.