TD Private Client Wealth LLC Has $205,000 Stake in Expand Energy Corporation $EXE

TD Private Client Wealth LLC raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 34.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,751 shares of the company’s stock after acquiring an additional 449 shares during the period. TD Private Client Wealth LLC’s holdings in Expand Energy were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXE. Harbour Investments Inc. bought a new position in shares of Expand Energy during the first quarter worth about $27,000. Transamerica Financial Advisors LLC acquired a new position in Expand Energy during the first quarter valued at approximately $27,000. First Horizon Advisors Inc. acquired a new position in Expand Energy during the first quarter valued at approximately $28,000. Quarry LP acquired a new position in Expand Energy during the first quarter valued at approximately $28,000. Finally, Cheviot Value Management LLC acquired a new position in Expand Energy during the first quarter valued at approximately $29,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Up 1.3%

Shares of EXE opened at $105.77 on Monday. The company has a market capitalization of $25.19 billion, a PE ratio of 271.21 and a beta of 0.46. Expand Energy Corporation has a 12 month low of $80.72 and a 12 month high of $123.35. The stock’s 50-day moving average price is $98.05 and its two-hundred day moving average price is $106.15. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29.

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

Expand Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Tudor Pickering & Holt reduced their price target on Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Wells Fargo & Company lowered their target price on Expand Energy from $121.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 15th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Wednesday, August 13th. Roth Capital cut Expand Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $98.00 in a report on Monday, August 18th. Finally, UBS Group dropped their price objective on Expand Energy from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Expand Energy has an average rating of “Buy” and a consensus price target of $127.46.

Insider Transactions at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following the purchase, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Joshua J. Viets purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the purchase, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

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.