Concurrent Investment Advisors LLC Acquires 283 Shares of Expand Energy Corporation $EXE

Concurrent Investment Advisors LLC boosted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 13.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,412 shares of the company’s stock after purchasing an additional 283 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Expand Energy were worth $282,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. bought a new stake in Expand Energy in the 1st quarter worth approximately $27,000. Transamerica Financial Advisors LLC bought a new stake in Expand Energy in the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new stake in Expand Energy in the 1st quarter worth approximately $28,000. Quarry LP bought a new stake in Expand Energy in the 1st quarter worth approximately $28,000. Finally, Cheviot Value Management LLC bought a new stake in Expand Energy in the 1st quarter worth approximately $29,000. Institutional investors own 97.93% of the company’s stock.

Insiders Place Their Bets

In other Expand Energy news, COO Joshua J. Viets acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $95.86 per share, with a total value of $239,650.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

EXE has been the topic of a number of research reports. William Blair initiated coverage on Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating on the stock. Roth Capital downgraded Expand Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $98.00 in a research note on Monday, August 18th. The Goldman Sachs Group reduced their price objective on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Capital One Financial dropped their target price on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Finally, Bernstein Bank cut their target price on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.62.

Expand Energy Stock Performance

NASDAQ EXE opened at $100.78 on Monday. The company has a market cap of $24.00 billion, a P/E ratio of 258.42 and a beta of 0.47. 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 business’s 50 day moving average price is $99.45 and its 200-day moving average price is $105.72. Expand Energy Corporation has a fifty-two week low of $82.69 and a fifty-two week high of $123.35.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share (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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is presently 589.74%.

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.