United Services Automobile Association Invests $525,000 in Expand Energy Corporation $EXE

Key Points

• The United Services Automobile Association acquired **4,732 shares** of Expand Energy Corporation, valued at approximately **$525,000**, during the first quarter.
• Expand Energy announced a quarterly dividend of **$0.575**, representing a **dividend yield of 2.4%**, with a payout ratio currently at **589.74%**.
• Analysts have mixed ratings on Expand Energy, with an average price target of **$127.12** and ratings including **two 'Strong Buy'**, **seventeen 'Buy'**, and **two 'Hold'** recommendations.

United Services Automobile Association bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,732 shares of the company's stock, valued at approximately $525,000.

Several other institutional investors also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Expand Energy during the first quarter valued at approximately $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Expand Energy during the 1st quarter valued at $1,179,000. Wedbush Securities Inc. bought a new position in shares of Expand Energy during the 1st quarter valued at $210,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $1,383,000. Finally, Bessemer Group Inc. bought a new stake in shares of Expand Energy in the first quarter worth $75,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EXE shares. Jefferies Financial Group set a $135.00 price objective on shares of Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. The Goldman Sachs Group decreased their price target on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Tudor Pickering & Holt cut their price objective on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Siebert Williams Shank decreased their target price on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Finally, KeyCorp lowered their target price on Expand Energy from $135.00 to $127.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $127.69.

Insiders Place Their Bets

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

Expand Energy Price Performance

Shares of Expand Energy stock traded up $0.38 during trading hours on Friday, hitting $96.22. The company's stock had a trading volume of 1,692,944 shares, compared to its average volume of 2,769,963. The company has a market cap of $22.91 billion, a PE ratio of 246.72 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The business has a 50 day moving average price of $99.47 and a two-hundred day moving average price of $106.03. Expand Energy Corporation has a 12-month low of $72.35 and a 12-month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 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 during the quarter, compared to analysts' expectations of $2.09 billion. Analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy's dividend payout ratio (DPR) is presently 589.74%.

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.