Mudita Advisors LLP Makes New Investment in Expand Energy Corporation $EXE

Key Points

• Mudita Advisors LLP acquired a new stake in Expand Energy Corporation, purchasing 82,900 shares valued at approximately $9.2 million, constituting 4.7% of its portfolio.
• Research firms have upgraded Expand Energy to a "strong-buy" rating with a consensus target price of $127.12, indicating bullish sentiment among analysts.
• Expand Energy announced a quarterly dividend of $0.575 per share, translating to an annual yield of 2.4%, although its dividend payout ratio is exceptionally high at nearly 590%.

Mudita Advisors LLP purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 82,900 shares of the company's stock, valued at approximately $9,228,000. Expand Energy comprises 4.7% of Mudita Advisors LLP's portfolio, making the stock its 8th biggest position.

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

Analyst Ratings Changes

A number of research firms have issued reports on EXE. Sanford C. Bernstein raised Expand Energy to a "strong-buy" rating and set a $150.00 target price on the stock in a report on Thursday, May 22nd. Bernstein Bank cut their target price on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Capital One Financial cut their target price on Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Tudor Pickering & Holt cut their price objective on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Finally, Wolfe Research decreased their price objective on Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $127.12.

Expand Energy Trading Up 0.2%

Shares of NASDAQ:EXE opened at $94.73 on Wednesday. The company has a market capitalization of $22.56 billion, a P/E ratio of 242.90 and a beta of 0.46. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The business's 50 day simple moving average is $100.22 and its 200 day simple moving average is $106.17.

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

Expand Energy Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joshua J. Viets bought 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer 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 0.17% of the company's stock.

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.

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