Mutual of America Capital Management LLC Acquires Shares of 78,801 Expand Energy Corporation (NASDAQ:EXE)

Mutual of America Capital Management LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 78,801 shares of the company’s stock, valued at approximately $8,772,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Expand Energy during the first quarter worth approximately $326,670,000. Vaughan Nelson Investment Management L.P. bought a new stake in Expand Energy during the first quarter worth approximately $127,038,000. Canoe Financial LP bought a new stake in Expand Energy during the first quarter worth approximately $79,015,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Expand Energy during the first quarter worth approximately $60,722,000. Finally, Principal Financial Group Inc. bought a new stake in Expand Energy during the first quarter worth approximately $46,811,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Up 0.6%

Shares of NASDAQ:EXE opened at $101.65 on Thursday. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The stock has a market cap of $24.21 billion, a P/E ratio of 260.65 and a beta of 0.46. The business’s 50 day moving average is $110.55 and its 200 day moving average is $107.59. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. Sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s dividend payout ratio is currently 589.74%.

Analyst Upgrades and Downgrades

EXE has been the topic of several analyst reports. KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an “overweight” rating in a research note on Friday, June 13th. Roth Capital set a $125.00 target price on Expand Energy in a research note on Wednesday, July 30th. Piper Sandler upped their target price on Expand Energy from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Bernstein Bank cut their target price on Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Finally, Capital One Financial cut their target price on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. One 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. According to MarketBeat, Expand Energy currently has a consensus rating of “Buy” and a consensus price target of $128.92.

Expand Energy Company 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.