Toth Financial Advisory Corp Increases Stock Position in Expand Energy Corporation $EXE

Key Points

• Toth Financial Advisory Corp significantly increased its stake in Expand Energy Corporation by 162.2% in Q2, now holding 9,440 shares worth approximately $1.1 million.
• Expand Energy reported earnings of $1.10 per share, missing estimates, but significantly exceeding revenue expectations with $3.69 billion for the quarter.
• The company announced a quarterly dividend of $0.575, representing a 2.3% dividend yield, although the payout ratio is notably high at 589.74%.

Toth Financial Advisory Corp grew its position in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 162.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,440 shares of the company's stock after acquiring an additional 5,840 shares during the period. Toth Financial Advisory Corp's holdings in Expand Energy were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXE. Vanguard Group Inc. bought a new position in shares of Expand Energy in the first quarter valued at $2,973,033,000. Price T Rowe Associates Inc. MD bought a new stake in Expand Energy during the 1st quarter worth approximately $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new stake in Expand Energy in the first quarter worth $701,831,000. Wellington Management Group LLP purchased a new stake in shares of Expand Energy during the first quarter valued at $624,083,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Expand Energy during the first quarter valued at about $518,328,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Insider Buying and Selling at Expand Energy

In related news, COO Joshua J. Viets bought 2,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 61,676 shares of the company's stock, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the business's stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company's stock, 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. Corporate insiders own 0.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXE shares. Capital One Financial lowered their target price on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Piper Sandler reduced their price objective on Expand Energy from $140.00 to $136.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. UBS Group cut their price target 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 decreased their price objective on shares of 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, Mizuho set a $136.00 target price on shares of Expand Energy in a report on Monday, September 15th. 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 company's stock. According to data from MarketBeat.com, Expand Energy currently has a consensus rating of "Buy" and a consensus price target of $127.46.

Expand Energy Stock Performance

EXE stock traded down $0.39 during trading on Friday, reaching $98.50. The company had a trading volume of 11,903,263 shares, compared to its average volume of 3,078,433. The company has a market cap of $23.46 billion, a price-to-earnings ratio of 252.57 and a beta of 0.46. The firm has a 50-day simple moving average of $98.64 and a 200-day simple moving average of $106.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. Expand Energy Corporation has a twelve month low of $75.90 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released 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 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 analysts' expectations of $2.09 billion. As a group, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy's dividend payout ratio is presently 589.74%.

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.