Landscape Capital Management L.L.C. Purchases New Position in Expand Energy Corporation $EXE

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Expand Energy Corporation, purchasing 2,848 shares valued at approximately $317,000.
• A significant majority of Expand Energy's stock, approximately 97.93%, is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• The company recently announced a quarterly dividend of $0.575 per share, with a dividend yield of 2.4%, amidst its overall financial performance reporting.

Landscape Capital Management L.L.C. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,848 shares of the company's stock, valued at approximately $317,000.

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

Analysts Set New Price Targets

EXE has been the subject of several analyst reports. Bernstein Bank dropped their price objective on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Roth Capital cut shares of Expand Energy from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. Morgan Stanley lifted their price objective on shares of Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Mizuho lifted their price objective on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Expand Energy has a consensus rating of "Buy" and a consensus price target of $127.12.

Expand Energy Price Performance

Shares of NASDAQ:EXE traded down $1.13 during midday trading on Wednesday, hitting $97.08. The stock had a trading volume of 2,610,192 shares, compared to its average volume of 2,960,029. The company's 50-day moving average price is $101.91 and its 200-day moving average price is $106.46. The company has a market capitalization of $23.12 billion, a P/E ratio of 248.93 and a beta of 0.46. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a fifty-two week low of $69.12 and a fifty-two week high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its 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 firm 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%. As a group, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS 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. Investors of record on Thursday, August 14th will be issued 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 dividend yield of 2.4%. Expand Energy's payout ratio is 589.74%.

Insider Activity at Expand Energy

In related news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joshua J. Viets purchased 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost 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. The trade was a 3.35% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.17% 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.