7,261 Shares in Expand Energy Corporation (NASDAQ:EXE) Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,261 shares of the company’s stock, valued at approximately $808,000.

Other hedge funds have also bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in Expand Energy during the first quarter worth about $31,000. Peoples Bank KS bought a new stake in Expand Energy during the first quarter worth about $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy during the first quarter worth about $56,000. Piscataqua Savings Bank purchased a new position in Expand Energy in the first quarter worth about $58,000. Finally, Bessemer Group Inc. purchased a new position in Expand Energy in the first quarter worth about $75,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 0.8%

Shares of EXE stock opened at $110.34 on Thursday. Expand Energy Corporation has a 12 month low of $81.66 and a 12 month high of $123.35. The stock has a market cap of $26.26 billion, a P/E ratio of -20.59 and a beta of 0.48. 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 company has a 50 day simple moving average of $114.07 and a two-hundred day simple moving average of $106.92.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.17. The business had revenue of $2.20 billion during 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, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid 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 2.08%. Expand Energy’s dividend payout ratio (DPR) is presently -42.91%.

Wall Street Analysts Forecast Growth

EXE has been the subject of several recent analyst reports. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Piper Sandler lifted their target price on shares of Expand Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a report on Wednesday, May 28th. UBS Group lifted their target price on shares of Expand Energy from $144.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Expand Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Mizuho lifted their target price on shares of Expand Energy from $141.00 to $142.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Expand Energy presently has a consensus rating of “Buy” and a consensus price target of $128.40.

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.