Nisa Investment Advisors LLC Invests $1.09 Million in Expand Energy Corporation (NASDAQ:EXE)

Nisa Investment Advisors LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) during the first quarter, Holdings Channel.com reports. The firm bought 9,753 shares of the company’s stock, valued at approximately $1,086,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,179,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,383,000. Bessemer Group Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $75,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,077,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $1,538,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Scotiabank boosted their target price on shares of Expand Energy from $120.00 to $135.00 and gave the company a “sector outperform” rating in a report on Friday. Barclays boosted their target price on shares of Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Mizuho boosted their target price on shares of Expand Energy from $141.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, July 1st. Finally, Truist Financial lowered their target price on shares of Expand Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. One equities research 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, Expand Energy currently has an average rating of “Buy” and an average price target of $129.50.

Expand Energy Stock Up 3.8%

EXE opened at $109.58 on Tuesday. The stock has a market cap of $26.08 billion, a PE ratio of -20.44 and a beta of 0.48. 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 business’s fifty day simple moving average is $114.27 and its 200 day simple moving average is $107.59.

Expand Energy (NASDAQ:EXE) last released 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 for the quarter, compared to analysts’ expectations of $2.10 billion. Expand Energy had a positive return on equity of 4.64% and a negative net margin of 18.49%. As a group, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.10%. Expand Energy’s dividend payout ratio is presently -42.91%.

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.