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3,461 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by U.S. Capital Wealth Advisors LLC

Expand Energy logo with Energy background

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,461 shares of the company's stock, valued at approximately $385,000.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in Expand Energy in the 1st quarter worth approximately $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new position in Expand Energy in the 1st quarter worth approximately $127,038,000. Canoe Financial LP purchased a new position in Expand Energy in the 1st quarter worth approximately $79,015,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Expand Energy in the 1st quarter worth approximately $60,722,000. Finally, Principal Financial Group Inc. bought a new stake in Expand Energy in the 1st quarter worth approximately $46,811,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Benchmark lifted their target price on shares of Expand Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $108.00 to $116.00 in a research report on Tuesday, April 8th. Barclays lifted their target price on shares of Expand Energy from $122.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Stephens cut their target price on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $129.50.

Get Our Latest Stock Analysis on Expand Energy

Expand Energy Price Performance

Expand Energy stock traded up $0.37 during mid-day trading on Friday, hitting $105.57. The stock had a trading volume of 2,659,736 shares, compared to its average volume of 3,366,736. The firm has a market capitalization of $25.12 billion, a P/E ratio of 38.53 and a beta of 0.48. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.30. The firm's 50 day moving average is $114.27 and its 200 day moving average is $107.59.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.85 by $0.17. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. On average, sell-side analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is currently -42.91%.

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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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