Advisor Resource Council Takes $1.44 Million Position in Expand Energy Corporation (NASDAQ:EXE)

Advisor Resource Council bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,936 shares of the company’s stock, valued at approximately $1,440,000.

Several other hedge funds have also recently made changes to their positions in the business. Princeton Global Asset Management LLC bought a new position in Expand Energy during the 1st quarter valued at about $31,000. Peoples Bank KS bought a new position in Expand Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC bought a new position in Expand Energy during the 1st quarter valued at about $56,000. Piscataqua Savings Bank bought a new position in Expand Energy during the 1st quarter valued at about $58,000. Finally, Sentry Investment Management LLC bought a new position in Expand Energy during the 1st quarter valued at about $78,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Shares of EXE opened at $122.05 on Friday. The company has a 50 day moving average price of $111.62 and a 200-day moving average price of $105.68. Expand Energy Corporation has a fifty-two week low of $81.66 and a fifty-two week high of $123.35. The stock has a market capitalization of $29.05 billion, a PE ratio of -22.77 and a beta of 0.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm 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 of this dividend was Thursday, May 15th. This represents a $2.30 annualized dividend and a dividend yield of 1.88%. Expand Energy’s payout ratio is presently -42.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Sanford C. Bernstein upgraded shares of Expand Energy to a “strong-buy” rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. Piper Sandler upped their price target on shares of Expand Energy from $136.00 to $139.00 and gave the company an “overweight” rating in a report on Wednesday, May 28th. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the company an “overweight” rating in a report on Friday, June 13th. Finally, Wells Fargo & Company upped their price target on shares of Expand Energy from $112.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus 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.