Ritholtz Wealth Management Buys 812 Shares of Expand Energy Corporation $EXE

Ritholtz Wealth Management raised its stake in Expand Energy Corporation (NASDAQ:EXE) by 35.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,111 shares of the company’s stock after acquiring an additional 812 shares during the period. Ritholtz Wealth Management’s holdings in Expand Energy were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Uncommon Cents Investing LLC increased its holdings in shares of Expand Energy by 6.0% in the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after buying an additional 110 shares during the last quarter. Essex Savings Bank increased its holdings in shares of Expand Energy by 5.3% in the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after buying an additional 121 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Expand Energy by 5.6% in the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after buying an additional 134 shares during the last quarter. US Bancorp DE increased its holdings in shares of Expand Energy by 1.0% in the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after buying an additional 162 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Expand Energy by 125.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after buying an additional 170 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXE. KeyCorp reduced their target price on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 target price (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Expand Energy in a report on Wednesday, October 8th. Finally, Mizuho set a $136.00 target price on shares of Expand Energy in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.62.

Expand Energy Stock Up 6.1%

Shares of NASDAQ:EXE opened at $106.90 on Tuesday. Expand Energy Corporation has a 1 year low of $82.69 and a 1 year high of $123.35. The business has a 50 day simple moving average of $99.63 and a two-hundred day simple moving average of $105.77. The firm has a market capitalization of $25.46 billion, a PE ratio of 274.11 and a beta of 0.47. 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 (NASDAQ:EXE) last announced its earnings results 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. On average, equities analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s payout ratio is 589.74%.

Insider Activity

In related news, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction on Monday, August 18th. The stock was bought at an average cost 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 in the company, valued at approximately $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, 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.

Expand Energy 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.