Wealthquest Corp acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,388 shares of the company's stock, valued at approximately $600,000.
Several other institutional investors and hedge funds have also modified their holdings of EXE. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $31,000. Peoples Bank KS acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $56,000. Piscataqua Savings Bank acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $58,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $78,000. 97.93% of the stock is owned by institutional investors and hedge funds.
Expand Energy Trading Up 0.2%
Shares of EXE traded up $0.29 during trading hours on Friday, reaching $118.96. The stock had a trading volume of 5,158,265 shares, compared to its average volume of 3,381,099. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $123.35. The firm has a 50-day moving average of $113.26 and a 200 day moving average of $106.49. The company has a market cap of $28.31 billion, a P/E ratio of -22.19 and a beta of 0.49.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. On average, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio is currently -42.91%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Piper Sandler upped their price objective on Expand Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a report on Wednesday, May 28th. Barclays raised Expand Energy from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $115.00 to $122.00 in a report on Tuesday, April 15th. Wells Fargo & Company upped their price objective on Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Expand Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Expand Energy currently has an average rating of "Buy" and an average target price of $127.55.
Read Our Latest Analysis on EXE
Expand Energy 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.
Further Reading
Before you consider Expand Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expand Energy wasn't on the list.
While Expand Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
