Inspire Investing LLC Invests $312,000 in Expand Energy Corporation $EXE

Key Points

• Inspire Investing LLC acquired 2,805 shares of Expand Energy Corporation, valued at approximately $312,000, highlighting increased institutional interest in the company.
• Expand Energy's latest earnings report showed a net revenue of $3.69 billion, exceeding analysts’ expectations of $2.09 billion, despite a minor earnings per share miss.
• The company announced a quarterly dividend of $0.575, reflecting a high payout ratio of 589.74%, indicating strong cash distribution to shareholders relative to earnings.

Inspire Investing LLC purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,805 shares of the company's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXE. Harbour Investments Inc. bought a new position in Expand Energy during the first quarter valued at approximately $27,000. Transamerica Financial Advisors LLC purchased a new stake in Expand Energy during the first quarter valued at approximately $27,000. First Horizon Advisors Inc. purchased a new stake in Expand Energy during the first quarter valued at approximately $28,000. Quarry LP purchased a new stake in Expand Energy during the first quarter valued at approximately $28,000. Finally, Cheviot Value Management LLC purchased a new stake in Expand Energy during the first quarter valued at approximately $29,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Trading Down 0.4%

Shares of NASDAQ EXE traded down $0.39 during midday trading on Friday, hitting $98.50. The company's stock had a trading volume of 11,903,263 shares, compared to its average volume of 2,655,056. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $98.64 and its two-hundred day moving average is $105.95. Expand Energy Corporation has a 12-month low of $75.90 and a 12-month high of $123.35. The firm has a market cap of $23.46 billion, a P/E ratio of 252.57 and a beta of 0.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last released 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). The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Siebert Williams Shank decreased their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. KeyCorp decreased their price objective on Expand Energy from $135.00 to $127.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. The Goldman Sachs Group decreased their price objective on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Jefferies Financial Group set a $135.00 price target on Expand Energy and gave the stock a "buy" rating in a report on Saturday, June 14th. Finally, Tudor Pickering & Holt reduced their price target on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Two 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 stock. According to data from MarketBeat.com, Expand Energy currently has an average rating of "Buy" and a consensus target price of $127.46.

Insider Buying and Selling at Expand Energy

In other news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of Expand Energy stock in a transaction on Friday, August 15th. The shares were bought at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer directly 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Joshua J. Viets acquired 2,000 shares of Expand Energy stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company's stock.

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.