Expand Energy Corporation $EXE Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. grew its holdings in Expand Energy Corporation (NASDAQ:EXE) by 40.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,900 shares of the company’s stock after acquiring an additional 1,400 shares during the period. Hennessy Advisors Inc.’s holdings in Expand Energy were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Expand Energy in the first quarter worth $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Expand Energy during the first quarter worth $1,179,000. Wedbush Securities Inc. acquired a new position in shares of Expand Energy during the first quarter worth $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Expand Energy during the first quarter worth $1,383,000. Finally, Bessemer Group Inc. acquired a new position in shares of Expand Energy during the first quarter worth $75,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

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

Expand Energy Stock Performance

NASDAQ EXE opened at $107.44 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The company has a market capitalization of $25.59 billion, a PE ratio of 275.49 and a beta of 0.47. The company has a fifty day moving average of $98.89 and a two-hundred day moving average of $106.20.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, 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. Stockholders of record on Thursday, August 14th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis 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 presently 589.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXE. Morgan Stanley boosted their target price on shares of Expand Energy from $134.00 to $139.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. The Goldman Sachs Group lowered their target price on shares of Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Bernstein Bank lowered their target price on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Wells Fargo & Company lowered their target price 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. Finally, KeyCorp lowered their target price on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Expand Energy presently has a consensus rating of “Moderate Buy” and an average price target of $127.54.

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.