Fifth Third Bancorp Makes New $149,000 Investment in Expand Energy Corporation (NASDAQ:EXE)

Fifth Third Bancorp bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,342 shares of the company’s stock, valued at approximately $149,000.

A number of other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $18,777,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $223,000. GAMMA Investing LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $328,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $347,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $3,092,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Trading Up 1.0%

Shares of NASDAQ:EXE opened at $120.77 on Friday. Expand Energy Corporation has a 52 week low of $81.66 and a 52 week high of $121.10. The company’s 50 day moving average is $111.20 and its two-hundred day moving average is $105.52. 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 market cap of $28.74 billion, a PE ratio of -22.53 and a beta of 0.49.

Expand Energy (NASDAQ:EXE) last announced 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate 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 business also recently announced 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 1.90%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy’s dividend payout ratio (DPR) is -42.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXE. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Morgan Stanley upped their price objective 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. Truist Financial decreased their price objective 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. Mizuho increased their target price on shares of Expand Energy from $136.00 to $141.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Finally, UBS Group reduced their target price on shares of Expand Energy from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.