Focus Partners Advisor Solutions LLC Makes New Investment in Expand Energy Corporation $EXE

Focus Partners Advisor Solutions LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,787 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors also recently bought and sold shares of EXE. Harbour Investments Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at about $27,000. Transamerica Financial Advisors LLC purchased a new position in shares of Expand Energy in the 1st quarter valued at about $27,000. First Horizon Advisors Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at about $28,000. Quarry LP purchased a new position in shares of Expand Energy in the 1st quarter valued at about $28,000. Finally, Cheviot Value Management LLC purchased a new position in shares of Expand Energy in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE opened at $103.31 on Friday. The company’s 50 day simple moving average is $101.13 and its 200 day simple moving average is $105.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.78 and a current ratio of 0.81. Expand Energy Corporation has a 1 year low of $83.10 and a 1 year high of $123.35. The stock has a market capitalization of $24.61 billion, a PE ratio of 29.35 and a beta of 0.47.

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

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders 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 dividend yield of 2.2%. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXE. Siebert Williams Shank cut their price target on shares of Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Mizuho set a $136.00 price target on shares of Expand Energy in a report on Monday, September 15th. Jefferies Financial Group cut their price target on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price objective (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Finally, Barclays dropped their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.24.

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were bought at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the purchase, the chief executive officer directly owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. This trade represents a 1.52% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Joshua J. Viets acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $92.16 per share, for a total transaction of $184,320.00. Following the purchase, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.19% of the company’s stock.

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.