4,200 Shares in Expand Energy Corporation $EXE Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,200 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXE. Vanguard Group Inc. purchased a new position in Expand Energy in the first quarter worth $2,973,033,000. Price T Rowe Associates Inc. MD purchased a new position in Expand Energy in the first quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new position in Expand Energy in the first quarter worth $701,831,000. Wellington Management Group LLP purchased a new position in Expand Energy in the first quarter worth $624,083,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Expand Energy in the first quarter worth $518,328,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the purchase, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joshua J. Viets purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the purchase, the chief operating officer 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 disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

EXE has been the subject of several research reports. Wolfe Research cut their target price on shares of Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Mizuho set a $136.00 price target on shares of Expand Energy in a research note on Monday, September 15th. Capital One Financial lowered their price target on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price target (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Finally, Wells Fargo & Company lowered their price target on shares of Expand Energy from $121.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Expand Energy presently has an average rating of “Buy” and an average target price of $127.46.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $107.86 on Friday. The company has a market cap of $25.69 billion, a price-to-earnings ratio of 276.57 and a beta of 0.47. The company has a 50-day moving average price of $98.70 and a 200-day moving average price of $106.22. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a 12 month low of $82.69 and a 12 month high of $123.35.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. As a group, equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s dividend payout ratio is 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.