Stratos Wealth Partners LTD. Purchases Shares of 2,721 Expand Energy Corporation (NASDAQ:EXE)

Stratos Wealth Partners LTD. bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,721 shares of the company's stock, valued at approximately $303,000.

Several other hedge funds have also recently modified their holdings of EXE. Bank of New York Mellon Corp purchased a new position in shares of Expand Energy in the first quarter worth $326,670,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Expand Energy in the first quarter worth $127,038,000. Canoe Financial LP purchased a new position in shares of Expand Energy in the first quarter worth $79,015,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Expand Energy in the first quarter worth $60,722,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Expand Energy in the first quarter worth $46,811,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Expand Energy Trading Up 0.7%

EXE stock traded up $0.80 during mid-day trading on Wednesday, reaching $108.31. 3,515,977 shares of the stock traded hands, compared to its average volume of 3,372,319. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The stock has a market capitalization of $25.78 billion, a PE ratio of -20.21 and a beta of 0.48. The business has a 50-day moving average price of $114.27 and a two-hundred day moving average price of $107.68.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Equities research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Thursday, May 15th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 15th. Expand Energy's payout ratio is presently -42.91%.

Analyst Ratings Changes

Several research firms have recently commented on EXE. TD Cowen raised shares of Expand Energy from a "hold" rating to a "buy" rating and boosted their target price for the stock from $108.00 to $116.00 in a report on Tuesday, April 8th. UBS Group upped their price target on shares of Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 price target on the stock in a research note on Thursday, May 22nd. Scotiabank upped their price target on shares of Expand Energy from $120.00 to $135.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Finally, Benchmark upped their price target on shares of Expand Energy from $93.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Expand Energy currently has a consensus rating of "Buy" and an average price target of $129.80.

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.