Atria Investments Inc Buys Shares of 1,858 Expand Energy Corporation $EXE

Atria Investments Inc purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,858 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in Expand Energy during the first quarter worth about $2,973,033,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Expand Energy during the 1st quarter worth approximately $701,831,000. Wellington Management Group LLP acquired a new stake in Expand Energy in the 1st quarter valued at approximately $624,083,000. Finally, Invesco Ltd. acquired a new stake in Expand Energy in the 1st quarter valued at approximately $433,431,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Down 1.3%

Shares of NASDAQ:EXE opened at $117.96 on Friday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $123.35. The firm’s 50 day moving average price is $104.24 and its 200 day moving average price is $106.40. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The stock has a market cap of $28.09 billion, a price-to-earnings ratio of 33.51 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. As a group, equities research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal 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 issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s payout ratio is 65.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXE. UBS Group raised their price target on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. The Goldman Sachs Group dropped their target price on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.24.

Insider Activity at Expand Energy

In other Expand Energy news, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.