Wealth Enhancement Advisory Services LLC Buys Shares of 10,593 Expand Energy Corporation (NASDAQ:EXE)

Wealth Enhancement Advisory Services LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,593 shares of the company's stock, valued at approximately $1,179,000.

Other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of Expand Energy during the 1st quarter worth $31,000. Peoples Bank KS bought a new stake in Expand Energy in the first quarter worth $33,000. Future Financial Wealth Managment LLC bought a new stake in Expand Energy in the first quarter worth $56,000. Piscataqua Savings Bank bought a new stake in Expand Energy in the first quarter worth $58,000. Finally, Sentry Investment Management LLC bought a new stake in Expand Energy in the first quarter worth $78,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

EXE stock traded down $2.39 during trading on Friday, reaching $107.95. The company had a trading volume of 1,807,029 shares, compared to its average volume of 3,372,384. The firm has a 50-day simple moving average of $114.20 and a 200-day simple moving average of $107.16. The company has a market cap of $25.69 billion, a price-to-earnings ratio of 39.69 and a beta of 0.48. 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 twelve month low of $81.66 and a twelve month high of $123.35.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.17. The company had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.10 billion. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Thursday, May 15th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Thursday, May 15th. Expand Energy's dividend payout ratio (DPR) is presently -42.91%.

Analysts Set New Price Targets

Several research firms have weighed in on EXE. KeyCorp set a $135.00 price target on shares of Expand Energy and gave the stock an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company upped their price objective on shares of Expand Energy from $112.00 to $114.00 and gave the stock an "equal weight" rating in a report on Monday, June 16th. Jefferies Financial Group set a $135.00 target price on shares of Expand Energy and gave the stock a "buy" rating in a research note on Saturday, June 14th. Stephens lowered their price objective on shares of Expand Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler increased their price objective on shares of Expand Energy from $136.00 to $139.00 and gave the company an "overweight" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $128.40.

About Expand Energy

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.