15,113 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors has acquired a new stake in Expand Energy Corporation, purchasing 15,113 shares valued at approximately $1,682,000.
• Expand Energy reported a quarterly EPS of $1.10, missing expectations, but achieved revenue of $3.69 billion, surpassing the consensus estimate of $2.09 billion.
• The company has announced a quarterly dividend of $0.575 per share, resulting in an annualized dividend yield of 2.3%.

Arkadios Wealth Advisors acquired a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,113 shares of the company's stock, valued at approximately $1,682,000.

A number of other large investors also recently modified their holdings of EXE. Massachusetts Financial Services Co. MA purchased a new stake in shares of Expand Energy during the 1st quarter valued at about $518,328,000. Bank of New York Mellon Corp acquired a new stake in Expand Energy during the 1st quarter valued at approximately $326,670,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Expand Energy during the 1st quarter valued at approximately $127,038,000. Stephens Investment Management Group LLC acquired a new stake in Expand Energy during the 1st quarter valued at approximately $108,048,000. Finally, Ninepoint Partners LP acquired a new stake in Expand Energy during the 1st quarter valued at approximately $89,056,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

Expand Energy stock traded down $0.74 during mid-day trading on Monday, hitting $101.23. 3,675,475 shares of the company's stock traded hands, compared to its average volume of 3,793,365. The firm has a 50 day moving average price of $111.44 and a 200 day moving average price of $107.72. 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 company has a market cap of $24.11 billion, a PE ratio of 259.57 and a beta of 0.46. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35.

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 the consensus estimate of $1.14 by ($0.04). The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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 paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's payout ratio is currently 589.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EXE shares. Tudor Pickering & Holt lowered their price objective on Expand Energy from $119.00 to $118.00 in a research note on Tuesday, July 1st. The Goldman Sachs Group lowered their price objective on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Scotiabank raised their price objective on Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. UBS Group raised their price objective on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Finally, TD Cowen upgraded Expand Energy from a "hold" rating to a "buy" rating and raised their price objective for the company from $108.00 to $116.00 in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $128.92.

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.