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

Expand Energy logo with Energy background

Key Points

  • HB Wealth Management LLC purchased 3,257 shares of Expand Energy Corporation (NASDAQ:EXE) in the first quarter, valued at approximately $363,000.
  • Expand Energy recently announced a quarterly dividend of $0.575 per share, representing an annualized dividend yield of 2.3%.
  • The company reported $1.10 earnings per share for the last quarter, missing analysts' consensus estimates by $0.04, while generating revenue of $3.69 billion.
  • Interested in Expand Energy? Here are five stocks we like better.

HB Wealth Management LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,257 shares of the company's stock, valued at approximately $363,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Expand Energy in the 1st quarter valued at $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in Expand Energy during the 1st quarter worth about $1,179,000. Wedbush Securities Inc. acquired a new position in Expand Energy during the 1st quarter worth about $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in Expand Energy during the 1st quarter worth about $1,383,000. Finally, Bessemer Group Inc. acquired a new position in Expand Energy during the 1st quarter worth about $75,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Stock Performance

Expand Energy stock traded down $0.74 during mid-day trading on Monday, reaching $101.23. 3,675,475 shares of the company were exchanged, compared to its average volume of 3,793,365. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The firm's 50-day simple moving average is $111.44 and its two-hundred day simple moving average is $107.72. The firm 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 twelve month low of $69.12 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXE shares. Capital One Financial decreased their target price on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a report on Thursday, May 22nd. Roth Capital set a $125.00 price target on Expand Energy in a report on Wednesday, July 30th. Scotiabank upped their price target on Expand Energy from $120.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Finally, Siebert Williams Shank lowered their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $128.92.

Read Our Latest Stock Analysis on Expand Energy

About Expand Energy

(Free Report)

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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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