Orion Portfolio Solutions LLC Makes New $2.37 Million Investment in Expand Energy Corporation $EXE

Key Points

• Orion Portfolio Solutions LLC acquired 21,271 shares of Expand Energy Corporation valued at approximately $2,368,000, marking a significant new investment in the company.
• Expand Energy's latest earnings report revealed a miss on earnings per share, with reported EPS of $1.10 compared to an expected $1.14, while revenue exceeded estimates at $3.69 billion.
• The company announced a quarterly dividend of $0.575 per share, with an annualized dividend yield of 2.4%, despite a high payout ratio of 589.74%.

Orion Portfolio Solutions LLC acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,271 shares of the company's stock, valued at approximately $2,368,000.

Several other institutional investors have also bought and sold shares of EXE. Harbour Investments Inc. acquired a new stake in Expand Energy in the 1st quarter valued at about $27,000. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy in the 1st quarter valued at about $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy in the 1st quarter valued at about $28,000. Cheviot Value Management LLC acquired a new stake in Expand Energy in the 1st quarter valued at about $29,000. Finally, Pinney & Scofield Inc. acquired a new stake in Expand Energy in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of Expand Energy stock traded up $0.24 during trading on Tuesday, reaching $97.02. The company's stock had a trading volume of 552,388 shares, compared to its average volume of 3,703,544. The stock has a 50-day moving average price of $102.83 and a two-hundred day moving average price of $106.58. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35. The stock has a market capitalization of $23.11 billion, a P/E ratio of 248.55 and a beta of 0.46.

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

Expand Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

EXE has been the subject of a number of analyst reports. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the company a "buy" rating in a research note on Saturday, June 14th. Bernstein Bank dropped their target price on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Tudor Pickering & Holt dropped their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Piper Sandler dropped their target price on Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Finally, KeyCorp set a $135.00 price objective on Expand Energy and gave the stock an "overweight" rating in a report on Friday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $127.42.

Insider Buying and Selling

In related news, COO Joshua J. Viets acquired 2,000 shares of the company's stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the purchase, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.17% of the company's stock.

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.