13,453 Shares in Expand Energy Corporation $EXE Acquired by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC purchased 13,453 shares of Expand Energy Corporation, valued at approximately $1.5 million, in the 1st quarter, highlighting growing institutional interest in the company.
• COO and CEO of Expand Energy both made significant personal stock purchases, indicating strong insider confidence; the COO bought 2,000 shares at $92.16 each, while the CEO purchased 2,500 shares at $95.86 each.
• Recent analyst ratings show a mixed sentiment towards the stock with Roth Capital downgrading it from "buy" to "neutral," while Barclays raised its price target and maintained an "overweight" rating.

NewEdge Advisors LLC purchased a new stake 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 Securities & Exchange Commission. The fund purchased 13,453 shares of the company's stock, valued at approximately $1,498,000.

A number of other large investors also recently bought and sold shares of EXE. Harbour Investments Inc. purchased a new stake in shares of Expand Energy during the first quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new position in shares of Expand Energy in the first quarter worth about $27,000. First Horizon Advisors Inc. acquired a new position in shares of Expand Energy in the first quarter worth about $28,000. Quarry LP acquired a new position in shares of Expand Energy in the first quarter worth about $28,000. Finally, Cheviot Value Management LLC purchased a new position in Expand Energy in the 1st quarter valued at about $29,000. Institutional investors own 97.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXE. Roth Capital lowered shares of Expand Energy from a "buy" rating to a "neutral" rating and decreased their price target for the company from $125.00 to $98.00 in a research note on Monday, August 18th. Capital One Financial decreased their price target on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. UBS Group decreased their price target on shares of Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a research note on Wednesday, August 20th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $150.00 price target (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Finally, Bernstein Bank decreased their price target on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $127.46.

Expand Energy Price Performance

EXE stock traded down $0.79 during mid-day trading on Thursday, reaching $98.89. The company's stock had a trading volume of 3,880,466 shares, compared to its average volume of 2,584,427. The company's 50 day moving average is $98.79 and its two-hundred day moving average is $105.96. The stock has a market cap of $23.55 billion, a PE ratio of 253.57 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a fifty-two week low of $75.17 and a fifty-two week high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy's dividend payout ratio (DPR) is currently 589.74%.

Insider Buying and Selling

In other news, COO Joshua J. Viets purchased 2,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was acquired at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the business's stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

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.