Expand Energy Corporation $EXE Shares Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its stake in Expand Energy Corporation (NASDAQ:EXE) by 19.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,009 shares of the company’s stock after buying an additional 2,896 shares during the quarter. Arkadios Wealth Advisors’ holdings in Expand Energy were worth $2,106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXE. GAMMA Investing LLC purchased a new stake in Expand Energy in the 1st quarter valued at approximately $328,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Expand Energy in the 1st quarter valued at approximately $1,383,000. Bessemer Group Inc. purchased a new stake in Expand Energy in the 1st quarter valued at approximately $75,000. Sequoia Financial Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at about $215,000. Finally, Illinois Municipal Retirement Fund acquired a new position in Expand Energy in the 1st quarter valued at about $808,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXE. Capital One Financial cut their target price on shares of Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Barclays cut their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Mizuho set a $136.00 target price on shares of Expand Energy in a research note on Monday, September 15th. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Finally, Jefferies Financial Group cut their target price on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and a consensus price target of $128.24.

Insider Buying and Selling at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost 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 $5,684,060.16. This represents a 3.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.19% of the company’s stock.

Expand Energy Trading Up 0.1%

NASDAQ EXE opened at $100.52 on Friday. Expand Energy Corporation has a 12 month low of $83.10 and a 12 month high of $123.35. The company has a 50-day moving average of $100.96 and a 200-day moving average of $105.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.78. The company has a market cap of $23.94 billion, a P/E ratio of 28.56 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 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.