Wealth Enhancement Advisory Services LLC Takes Position in Expand Energy Corporation (NASDAQ:EXE)

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

Several other institutional investors have also added to or reduced their stakes in the business. Rhumbline Advisers bought a new position in Expand Energy during the first quarter valued at approximately $43,592,000. GAMMA Investing LLC purchased a new stake in Expand Energy during the 1st quarter valued at $36,507,000. Mercuria Capital Strategies LLC bought a new position in shares of Expand Energy during the 1st quarter valued at $35,283,000. SG Americas Securities LLC bought a new stake in shares of Expand Energy in the first quarter worth $18,777,000. Finally, Vest Financial LLC bought a new stake in shares of Expand Energy in the first quarter worth $11,682,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Expand Energy stock traded down $0.85 during midday trading on Wednesday, reaching $110.34. 3,480,990 shares of the stock traded hands, compared to its average volume of 3,380,755. The stock has a market cap of $26.26 billion, a P/E ratio of -20.59 and a beta of 0.48. Expand Energy Corporation has a 12 month low of $81.66 and a 12 month high of $123.35. The stock's fifty day moving average is $113.97 and its 200-day moving average is $106.90. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.30.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) 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 company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities research analysts anticipate 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. Investors of record on Thursday, May 15th were given a $0.575 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.30 annualized dividend and a yield of 2.08%. Expand Energy's dividend payout ratio is currently -42.91%.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of recent research reports. UBS Group increased their target price on Expand Energy from $144.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday. TD Cowen upgraded shares of Expand Energy from a "hold" rating to a "buy" rating and increased their price objective for the stock from $108.00 to $116.00 in a research note on Tuesday, April 8th. Truist Financial cut their target price on shares of Expand Energy from $133.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Sanford C. Bernstein raised shares of Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a report on Thursday, May 22nd. Finally, Mizuho lifted their price target on shares of Expand Energy from $141.00 to $142.00 and gave the stock an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Expand Energy presently has a consensus rating of "Buy" and an average target price of $128.40.

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.