Stratos Wealth Partners LTD. Acquires New Shares in Expand Energy Corporation (NASDAQ:EXE)

Stratos Wealth Partners LTD. acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to its most recent filing with the SEC. The fund acquired 2,721 shares of the company’s stock, valued at approximately $303,000.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy during the 1st quarter valued at $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy during the 1st quarter valued at $31,000. Peoples Bank KS purchased a new stake in shares of Expand Energy during the 1st quarter valued at $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Expand Energy during the 1st quarter valued at $56,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Expand Energy during the 1st quarter valued at $56,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on EXE. Barclays boosted their price objective on shares of Expand Energy from $122.00 to $139.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Morgan Stanley boosted their price target on shares of Expand Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Sanford C. Bernstein upgraded shares of Expand Energy to a “strong-buy” rating and set a $150.00 price target on the stock in a research report on Thursday, May 22nd. Mizuho boosted their price target on shares of Expand Energy from $141.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the company a “buy” rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $129.80.

Expand Energy Trading Down 1.9%

NASDAQ:EXE opened at $107.51 on Wednesday. Expand Energy Corporation has a one year low of $81.66 and a one year high of $123.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $25.59 billion, a P/E ratio of -20.06 and a beta of 0.48. The firm has a 50-day simple moving average of $114.27 and a 200-day simple moving average of $107.68.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.17. Expand Energy had a negative net margin of 18.49% and a positive return on equity of 4.64%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. Equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, May 15th. Expand Energy’s dividend payout ratio is presently -42.91%.

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.