54,382 Shares in Expand Energy Corporation $EXE Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC acquired 54,382 shares of Expand Energy Corporation (NASDAQ: EXE), valued at approximately $6,054,000, highlighting increased institutional interest in the company.
• Analysts have mixed sentiments about Expand Energy, with Roth Capital downgrading the stock from "buy" to "neutral" and adjusting the price target from $125 to $98, while others maintain a generally positive outlook.
• The company announced a quarterly dividend of $0.575 per share, representing an annualized dividend yield of 2.4%, although its dividend payout ratio is notably high at 589.74%.

Energy Income Partners LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 54,382 shares of the company's stock, valued at approximately $6,054,000.

Several other large investors have also bought and sold shares of the business. MAI Capital Management acquired a new stake in shares of Expand Energy during the first quarter valued at about $30,000. Quarry LP bought a new stake in Expand Energy in the first quarter worth approximately $28,000. Goodlander Investment Management LLC bought a new stake in shares of Expand Energy during the first quarter valued at approximately $10,019,000. Long Focus Capital Management LLC bought a new stake in shares of Expand Energy during the first quarter valued at approximately $1,147,000. Finally, Panagora Asset Management Inc. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $3,693,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

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

Analyst Ratings Changes

Several research firms have weighed in on EXE. Tudor Pickering & Holt cut their price objective on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Wolfe Research decreased their target price on Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Barclays increased their price objective on Expand Energy from $122.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Bernstein Bank dropped their target price on Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Finally, Capital One Financial dropped their price objective on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $127.12.

Expand Energy Price Performance

Shares of NASDAQ:EXE traded down $1.13 during mid-day trading on Wednesday, reaching $97.08. The stock had a trading volume of 2,610,192 shares, compared to its average volume of 2,960,029. The business's 50 day moving average price is $101.91 and its 200 day moving average price is $106.46. 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 1 year low of $69.12 and a 1 year high of $123.35. The company has a market cap of $23.12 billion, a P/E ratio of 25.27 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) 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 analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid 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 2.4%. Expand Energy's dividend payout ratio (DPR) is currently 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.