Princeton Global Asset Management LLC Invests $31,000 in Chesapeake Energy Corporation (NASDAQ:EXE)

Princeton Global Asset Management LLC bought a new position in Chesapeake Energy Corporation (NASDAQ:EXE) during the first quarter, Holdings Channel reports. The fund bought 275 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Peoples Bank KS purchased a new stake in Chesapeake Energy during the 1st quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in Chesapeake Energy during the 1st quarter valued at about $56,000. Sentry Investment Management LLC purchased a new stake in Chesapeake Energy during the 1st quarter valued at about $78,000. Chickasaw Capital Management LLC purchased a new stake in Chesapeake Energy during the 1st quarter valued at about $282,000. Finally, Parallel Advisors LLC purchased a new stake in Chesapeake Energy during the 1st quarter valued at about $286,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXE. Benchmark increased their price objective on shares of Chesapeake Energy from $93.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. TD Cowen raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $108.00 to $116.00 in a report on Tuesday, April 8th. Barclays raised shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $122.00 in a report on Tuesday, April 15th. Wells Fargo & Company raised their price target on shares of Chesapeake Energy from $107.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Mizuho raised their price target on shares of Chesapeake Energy from $136.00 to $141.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $126.79.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $117.35 on Friday. The firm’s 50 day moving average price is $109.23 and its 200-day moving average price is $104.62. Chesapeake Energy Corporation has a twelve month low of $81.66 and a twelve month high of $120.04. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $27.93 billion, a PE ratio of 72.44 and a beta of 0.49.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Equities research analysts expect that Chesapeake Energy Corporation will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders 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 yield of 1.96%. The ex-dividend date of this dividend was Thursday, May 15th. Chesapeake Energy’s payout ratio is -42.91%.

Chesapeake 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.