Bessemer Group Inc. Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Bessemer Group Inc. bought a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 673 shares of the company’s stock, valued at approximately $75,000.

Several other large investors have also modified their holdings of EXE. Princeton Global Asset Management LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $31,000. Peoples Bank KS acquired a new stake in Expand Energy during the 1st quarter worth $33,000. Future Financial Wealth Managment LLC acquired a new stake in Expand Energy during the 1st quarter worth $56,000. Piscataqua Savings Bank acquired a new stake in Expand Energy during the 1st quarter worth $58,000. Finally, Sentry Investment Management LLC acquired a new stake in Expand Energy during the 1st quarter worth $78,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Down 2.2%

Shares of Expand Energy stock opened at $107.95 on Friday. 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 Corporation has a one year low of $81.66 and a one year high of $123.35. The firm has a fifty day moving average of $114.14 and a two-hundred day moving average of $107.00. The company has a market cap of $25.69 billion, a P/E ratio of -20.14 and a beta of 0.48.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating 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. On average, analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy’s dividend payout ratio (DPR) is -42.91%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upgraded shares of Expand Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $122.00 in a research note on Tuesday, April 15th. Benchmark increased their price target on shares of Expand Energy from $93.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, April 3rd. Truist Financial decreased their price target on shares of Expand Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, March 17th. UBS Group increased their price target on shares of Expand Energy from $144.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Expand Energy from $112.00 to $114.00 and gave the stock an “equal weight” rating in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.