19,444 Shares in Expand Energy Corporation $EXE Purchased by Accordant Advisory Group Inc

Accordant Advisory Group Inc purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 19,444 shares of the company’s stock, valued at approximately $2,274,000. Expand Energy makes up approximately 1.7% of Accordant Advisory Group Inc’s holdings, making the stock its 22nd biggest holding.

Several other large investors also recently bought and sold shares of EXE. TD Waterhouse Canada Inc. lifted its position in shares of Expand Energy by 19.0% in the second quarter. TD Waterhouse Canada Inc. now owns 4,483 shares of the company’s stock valued at $498,000 after acquiring an additional 715 shares in the last quarter. Portside Wealth Group LLC purchased a new stake in shares of Expand Energy during the second quarter worth approximately $244,000. Vanguard Group Inc. raised its stake in Expand Energy by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after purchasing an additional 559,887 shares during the last quarter. Empowered Funds LLC lifted its holdings in Expand Energy by 88.1% in the 2nd quarter. Empowered Funds LLC now owns 128,266 shares of the company’s stock valued at $14,999,000 after purchasing an additional 60,068 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in Expand Energy in the 2nd quarter valued at $343,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

NASDAQ:EXE opened at $117.27 on Thursday. The company’s 50-day moving average is $105.99 and its two-hundred day moving average is $106.73. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $123.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 33.32 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXE. Mizuho set a $136.00 target price on shares of Expand Energy in a report on Monday, September 15th. Morgan Stanley upped their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a report on Thursday, October 16th. Barclays lowered their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, KeyCorp dropped their price target on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Two equities research 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, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.32.

Expand Energy Company 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.