Independent Advisor Alliance Makes New $2.16 Million Investment in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• Independent Advisor Alliance has acquired 19,377 shares of Expand Energy Corporation (NASDAQ:EXE), valued at approximately $2,157,000, during the first quarter.
• Expand Energy's shares recently saw a decline of 2.1%, with a current trading price of $95.89 and a market cap of $22.84 billion.
• The company reported earnings per share (EPS) of $1.10 for the latest quarter, missing analysts' expectations, while also announcing a quarterly dividend of $0.575 per share.

Independent Advisor Alliance bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,377 shares of the company's stock, valued at approximately $2,157,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Expand Energy during the 1st quarter valued at approximately $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Expand Energy in the 1st quarter worth $1,179,000. Wedbush Securities Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $210,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $1,383,000. Finally, Bessemer Group Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $75,000. Institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXE. Tudor Pickering & Holt lowered their target price on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. The Goldman Sachs Group decreased their price objective on Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Roth Capital set a $125.00 price objective on Expand Energy in a research note on Wednesday, July 30th. Scotiabank reiterated an "outperform" rating on shares of Expand Energy in a report on Wednesday. Finally, Bernstein Bank decreased their price objective on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. One equities research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $128.96.

Expand Energy Stock Up 0.1%

Shares of NASDAQ:EXE traded up $0.14 on Friday, hitting $95.13. 6,683,870 shares of the company traded hands, compared to its average volume of 3,669,823. Expand Energy Corporation has a 52 week low of $69.12 and a 52 week high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $107.78 and a 200-day simple moving average of $107.21. The company has a market cap of $22.66 billion, a PE ratio of 243.93 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. As a group, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is 589.74%.

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.