Energy Income Partners LLC Makes New Investment in Expand Energy Corporation $EXE

Energy Income Partners LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, Holdings Channel reports. The firm purchased 54,382 shares of the company’s stock, valued at approximately $6,054,000.

A number of other large investors also recently modified their holdings of the company. Harbour Investments Inc. acquired a new stake in shares of Expand Energy during the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC bought a new position in Expand Energy in the first quarter valued at about $27,000. First Horizon Advisors Inc. bought a new position in Expand Energy in the first quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Expand Energy during the first quarter valued at about $28,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Expand Energy during the first quarter worth about $29,000. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bernstein Bank dropped their price objective on shares of Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Wolfe Research reduced their target price on shares of Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Tudor Pickering & Holt decreased their price target on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Finally, KeyCorp set a $135.00 price objective on shares of Expand Energy and gave the stock an “overweight” rating in a research note on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $127.42.

Expand Energy Stock Down 0.5%

Expand Energy stock opened at $96.78 on Friday. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 248.16 and a beta of 0.46. Expand Energy Corporation has a 52-week low of $69.12 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $103.33 and a two-hundred day moving average price of $106.63.

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

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy’s payout ratio is currently 589.74%.

Insider Activity

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were acquired at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

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.