Toth Financial Advisory Corp Purchases 5,021 Shares of Expand Energy Corporation $EXE

Toth Financial Advisory Corp raised its position in Expand Energy Corporation (NASDAQ:EXE) by 436.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,171 shares of the company’s stock after buying an additional 5,021 shares during the quarter. Toth Financial Advisory Corp’s holdings in Expand Energy were worth $681,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ESL Trust Services LLC bought a new position in Expand Energy during the 3rd quarter worth $32,000. Abound Wealth Management lifted its position in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after acquiring an additional 267 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Expand Energy during the 3rd quarter worth $47,000. Finally, CX Institutional bought a new position in shares of Expand Energy in the third quarter worth $52,000. Institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EXE. Piper Sandler boosted their target price on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Stephens lifted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Mizuho boosted their price objective on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Truist Financial started coverage on Expand Energy in a report on Tuesday, March 24th. They issued a “buy” rating and a $136.00 target price on the stock. Finally, Weiss Ratings upgraded Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Expand Energy presently has an average rating of “Buy” and a consensus price target of $131.48.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $103.89 on Friday. The company’s 50 day moving average price is $107.13 and its 200-day moving average price is $108.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The company has a market capitalization of $24.98 billion, a P/E ratio of 13.78 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. Equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s payout ratio is 30.50%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.