WealthTrust Asset Management LLC Invests $881,000 in Expand Energy Corporation $EXE

WealthTrust Asset Management LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,534 shares of the company’s stock, valued at approximately $881,000.

Other institutional investors also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC purchased a new stake in Expand Energy in the 1st quarter valued at about $27,000. Harbour Investments Inc. purchased a new position in shares of Expand Energy during the first quarter worth approximately $27,000. Quarry LP bought a new stake in shares of Expand Energy during the first quarter valued at approximately $28,000. Assetmark Inc. boosted its holdings in shares of Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares during the period. Finally, Pinney & Scofield Inc. bought a new position in Expand Energy in the first quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EXE. UBS Group upped their target price on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Piper Sandler lowered their price objective on shares of Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Jefferies Financial Group reduced their price objective 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. Finally, William Blair initiated coverage on Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.24.

Insider Activity at Expand Energy

In other Expand Energy news, COO Joshua J. Viets purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was bought at an average price of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This represents a 3.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $117.28 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $104.67 and its 200 day moving average is $106.47. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $123.35. The company has a market cap of $27.93 billion, a PE ratio of 33.32 and a beta of 0.47.

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

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. Expand Energy’s dividend payout ratio is 65.34%.

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.