Wetzel Investment Advisors Inc. Acquires New Shares in Expand Energy Corporation (NASDAQ:EXE)

Wetzel Investment Advisors Inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,115 shares of the company's stock, valued at approximately $235,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC purchased a new position in shares of Expand Energy in the first quarter worth about $31,000. Peoples Bank KS purchased a new position in shares of Expand Energy in the first quarter worth about $33,000. Future Financial Wealth Managment LLC purchased a new position in shares of Expand Energy in the first quarter worth about $56,000. Piscataqua Savings Bank purchased a new position in shares of Expand Energy in the first quarter worth about $58,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Expand Energy in the first quarter worth about $78,000. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Up 0.9%

Shares of EXE traded up $1.08 during mid-day trading on Tuesday, reaching $122.53. The company had a trading volume of 3,870,387 shares, compared to its average volume of 3,378,518. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day moving average price of $112.73 and a 200 day moving average price of $106.25. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $123.35. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of -22.86 and a beta of 0.49.

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

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.88%. Expand Energy's dividend payout ratio is currently -42.91%.

Analysts Set New Price Targets

Several research firms have recently commented on EXE. Truist Financial decreased their price objective on Expand Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. KeyCorp set a $135.00 price target on Expand Energy and gave the company an "overweight" rating in a report on Friday, June 13th. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. Finally, Morgan Stanley boosted their price target on Expand Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. One analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $127.55.

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.