AE Wealth Management LLC Takes Position in Expand Energy Corporation (NASDAQ:EXE)

Key Points

• AE Wealth Management LLC purchased 4,730 shares of Expand Energy Corporation (NASDAQ:EXE) for approximately $527,000, marking a significant new investment during the first quarter.
• Analysts have upgraded their ratings on Expand Energy, with TD Cowen raising its rating from "hold" to "buy" and increasing the price target from $108.00 to $116.00.
• Expand Energy's stock performance shows a 52-week range with a low of $69.12 and a high of $123.35, highlighting its significant market volatility.

AE Wealth Management LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,730 shares of the company's stock, valued at approximately $527,000.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in Expand Energy during the 1st quarter valued at about $28,000. Princeton Global Asset Management LLC purchased a new position in Expand Energy during the 1st quarter valued at about $31,000. BankPlus Trust Department purchased a new position in Expand Energy during the 1st quarter valued at about $32,000. Peoples Bank KS purchased a new position in Expand Energy during the 1st quarter valued at about $33,000. Finally, Key Financial Inc purchased a new position in Expand Energy during the 1st quarter valued at about $41,000. Institutional investors own 97.93% of the company's stock.

Analyst Ratings Changes

EXE has been the topic of a number of research reports. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. KeyCorp set a $135.00 target price on shares of Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. The Goldman Sachs Group cut their price objective on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a research report on Saturday, June 14th. Finally, Stephens cut their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $129.50.

Expand Energy Stock Performance

NASDAQ EXE traded down $2.81 on Friday, hitting $101.97. 2,661,643 shares of the company's stock traded hands, compared to its average volume of 3,660,283. The company has a current ratio of 0.78, a quick ratio of 0.59 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a 1-year low of $69.12 and a 1-year high of $123.35. The firm's 50-day moving average price is $111.72 and its two-hundred day moving average price is $107.72. The firm has a market capitalization of $24.28 billion, a PE ratio of 261.47 and a beta of 0.47.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.09 billion. As a group, analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.575 dividend. 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 2.3%. Expand Energy's dividend payout ratio is presently 589.74%.

About Expand Energy

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.