Expand Energy (NASDAQ:EXE) Now Covered by Truist Financial

Truist Financial started coverage on shares of Expand Energy (NASDAQ:EXE) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $136.00 target price on the stock.

Several other research firms have also recently commented on EXE. Sanford C. Bernstein cut their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Mizuho boosted their price objective on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company set a $123.00 target price on Expand Energy in a report on Monday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Expand Energy currently has a consensus rating of “Buy” and an average price target of $131.48.

Expand Energy Stock Performance

EXE opened at $109.69 on Tuesday. Expand Energy has a twelve month low of $91.01 and a twelve month high of $126.62. The firm has a market capitalization of $26.37 billion, a PE ratio of 14.55 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $106.34 and its 200 day moving average price is $107.66.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, sell-side analysts expect that Expand Energy will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s payout ratio is presently 30.50%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On Expand Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. grew its holdings in shares of Expand Energy by 32.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 17,431 shares of the company’s stock worth $1,924,000 after purchasing an additional 4,292 shares during the period. Rehmann Capital Advisory Group purchased a new stake in Expand Energy in the 4th quarter valued at about $209,000. EJMK Ventures LLC acquired a new position in Expand Energy in the fourth quarter valued at about $385,000. Fearnley Asset Management AS acquired a new position in Expand Energy in the fourth quarter valued at about $12,136,000. Finally, Arwa LLC purchased a new position in Expand Energy during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

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.