Ritholtz Wealth Management Makes New Investment in Expand Energy Corporation (NASDAQ:EXE)

Ritholtz Wealth Management purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,299 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC bought a new position in Expand Energy during the 1st quarter worth approximately $31,000. Peoples Bank KS acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $56,000. Piscataqua Savings Bank acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $58,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $78,000. Institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXE. Mizuho raised their price objective on shares of Expand Energy from $136.00 to $141.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Barclays raised shares of Expand Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $122.00 in a research report on Tuesday, April 15th. Piper Sandler raised their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 28th. TD Cowen raised shares of Expand Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Finally, Benchmark lifted their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $127.55.

Expand Energy Trading Up 1.1%

NASDAQ EXE opened at $122.05 on Friday. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of -22.77 and a beta of 0.49. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average is $111.62 and its 200-day moving average is $105.68.

Expand Energy (NASDAQ:EXE) last released its 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. The company 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%. Equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy’s payout ratio is -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.