Quattro Financial Advisors LLC Makes New $491,000 Investment in Expand Energy Corporation $EXE

Key Points

• Quattro Financial Advisors LLC has made a new investment of $491,000 in Expand Energy Corporation (NASDAQ:EXE), acquiring 4,200 shares during the second quarter.
• Expand Energy's recent earnings report showed an EPS of $1.10, missing analysts' expectations of $1.14, with revenue significantly beating the forecast at $3.69 billion.
• The company declared a quarterly dividend of $0.575 per share, resulting in an annualized yield of 2.1%, despite a high payout ratio of 589.74%.

Quattro Financial Advisors LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,200 shares of the company's stock, valued at approximately $491,000.

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

Wall Street Analyst Weigh In

EXE has been the topic of several research analyst reports. Bernstein Bank dropped their price objective on Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Morgan Stanley upped their price objective on Expand Energy from $134.00 to $139.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. UBS Group dropped their price objective on Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a research note on Wednesday, August 20th. KeyCorp dropped their price objective on Expand Energy from $135.00 to $127.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Capital One Financial lowered their target price on shares of Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $127.46.

Expand Energy Trading Down 1.2%

Shares of EXE stock opened at $107.86 on Friday. The company's fifty day simple moving average is $98.70 and its two-hundred day simple moving average is $106.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 276.57 and a beta of 0.47.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its 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). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. As a group, analysts anticipate that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, August 14th. Expand Energy's payout ratio is 589.74%.

Insiders Place Their Bets

In other news, COO Joshua J. Viets purchased 2,000 shares of Expand Energy stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares of the company's stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of Expand Energy 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 completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. This represents 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 insiders.

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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