Focus Partners Advisor Solutions LLC Acquires Shares of 13,898 Expand Energy Corporation $EXE

Key Points

• Focus Partners Advisor Solutions acquired 13,898 shares of Expand Energy worth approximately $1.27 million during the second quarter. Institutional investors collectively own 97.93% of the company.
• Analysts maintain a generally positive outlook, with Expand Energy receiving a consensus “Moderate Buy” rating and an average price target of $128.12, despite some recent target reductions.
• Expand Energy beat quarterly EPS expectations with $1.33 versus $1.13 estimated, and announced a quarterly dividend of $0.575 per share, equivalent to a 2.4% annual yield.

Focus Partners Advisor Solutions LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,898 shares of the company's stock, valued at approximately $1,267,000.

Several other large investors also recently modified their holdings of EXE. Siemens Fonds Invest GmbH boosted its holdings in shares of Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company's stock worth $147,000 after buying an additional 88 shares during the period. Atlantic Union Bankshares Corp raised its holdings in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the period. McGowan Group Asset Management Inc. raised its holdings in Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company's stock valued at $2,657,000 after acquiring an additional 105 shares during the period. Smartleaf Asset Management LLC raised its holdings in Expand Energy by 25.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company's stock valued at $61,000 after acquiring an additional 110 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Expand Energy by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company's stock worth $286,000 after acquiring an additional 111 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EXE shares. UBS Group reduced their price objective on Expand Energy from $127.00 to $124.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Truist Financial increased their target price on Expand Energy from $117.00 to $121.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Roth Capital reissued a "neutral" rating and set a $93.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. Benchmark reduced their price target on Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Finally, William Blair lowered Expand Energy from an "outperform" rating to a "market perform" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Expand Energy presently has an average rating of "Moderate Buy" and a consensus price target of $128.12.

Insider Activity

In related news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.22% of the company's stock.

Expand Energy Price Performance

NASDAQ EXE opened at $94.78 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 8.18 and a beta of 0.34. The company has a 50 day moving average of $90.24 and a 200-day moving average of $98.00. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. On average, equities research analysts expect that Expand Energy Corporation will post 8.92 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy's dividend payout ratio is presently 19.86%.

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.

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