6,922 Shares in Expand Energy Corporation $EXE Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. has acquired a new stake in Expand Energy Corporation, purchasing 6,922 shares valued at approximately $771,000 during the first quarter.
• Analysts have mixed views on Expand Energy, with Goldman Sachs lowering their target price from $127.00 to $125.00, while Jefferies set a higher target at $135.00, indicating the stock holds an overall Buy rating.
• CEO Domenic J. Dell'osso, Jr. and COO Joshua J. Viets have both increased their holdings in Expand Energy recently, with Dell'osso buying 2,500 shares at an average price of $95.86 each.

Advisors Asset Management Inc. bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,922 shares of the company's stock, valued at approximately $771,000.

Other large investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Expand Energy in the first quarter valued at $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Expand Energy in the first quarter valued at $1,179,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy in the first quarter valued at $210,000. Cambridge Investment Research Advisors Inc. bought a new stake in Expand Energy in the first quarter valued at $1,383,000. Finally, Bessemer Group Inc. bought a new stake in Expand Energy in the first quarter valued at $75,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Price Performance

Shares of NASDAQ:EXE traded down $0.64 during midday trading on Monday, reaching $95.58. The company's stock had a trading volume of 3,775,932 shares, compared to its average volume of 2,520,402. Expand Energy Corporation has a fifty-two week low of $72.70 and a fifty-two week high of $123.35. The company has a market capitalization of $22.76 billion, a P/E ratio of 245.08 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The business's fifty day simple moving average is $99.20 and its 200-day simple moving average is $106.06.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced 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). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a $0.575 dividend. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is 589.74%.

Analyst Ratings Changes

EXE has been the topic of a number of analyst reports. Roth Capital cut Expand Energy from a "buy" rating to a "neutral" rating and lowered their price target for the company from $125.00 to $98.00 in a research report on Monday, August 18th. Capital One Financial lowered their price target on Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Barclays upped their price target on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Wells Fargo & Company lowered their price target on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the company a "buy" rating in a research report on Saturday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Expand Energy currently has an average rating of "Buy" and a consensus target price of $127.46.

Insider Activity

In other news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by company insiders.

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.