33,730 Shares in Expand Energy Corporation $EXE Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 33,730 shares of the company’s stock, valued at approximately $3,755,000.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. bought a new stake in Expand Energy in the first quarter worth $27,000. Transamerica Financial Advisors LLC bought a new stake in Expand Energy in the first quarter worth $27,000. First Horizon Advisors Inc. bought a new stake in Expand Energy in the first quarter worth $28,000. Quarry LP bought a new stake in Expand Energy in the first quarter worth $28,000. Finally, Cheviot Value Management LLC bought a new stake in Expand Energy in the first quarter worth $29,000. 97.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expand Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was bought 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 $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $95.51 on Monday. The firm has a market cap of $22.75 billion, a P/E ratio of 244.90 and a beta of 0.46. 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 Corporation has a 12 month low of $69.12 and a 12 month high of $123.35. The stock’s fifty day moving average price is $101.00 and its 200-day moving average price is $106.32.

Expand Energy (NASDAQ:EXE) last announced its quarterly 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 firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio (DPR) is currently 589.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXE shares. UBS Group lowered their price target on Expand Energy from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Bernstein Bank reduced their target price on Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Wednesday, August 13th. Wolfe Research reduced their target price on Expand Energy from $150.00 to $148.00 in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group reduced their target price on Expand Energy from $127.00 to $125.00 in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $127.12.

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.