Rise Advisors LLC Acquires New Holdings in Expand Energy Corporation $EXE

Rise Advisors LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 393 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXE. GAMMA Investing LLC bought a new position in Expand Energy during the first quarter valued at approximately $36,507,000. Parallel Advisors LLC bought a new position in Expand Energy during the first quarter valued at approximately $286,000. Doliver Advisors LP bought a new position in Expand Energy during the first quarter valued at approximately $446,000. Peoples Bank KS bought a new position in Expand Energy during the first quarter valued at approximately $33,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in Expand Energy during the first quarter valued at approximately $466,000. Institutional investors own 97.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joshua J. Viets bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This trade represents a 3.35% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Expand Energy Trading Down 1.2%

Shares of EXE stock opened at $95.51 on Friday. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The firm’s fifty day simple moving average is $101.00 and its 200 day simple moving average is $106.32. The firm has a market capitalization 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 (NASDAQ:EXE) last announced its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $2.09 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s payout ratio is 589.74%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXE shares. Capital One Financial dropped their price target on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Tudor Pickering & Holt dropped their price target on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Wells Fargo & Company dropped their price target on shares of Expand Energy from $121.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Sanford C. Bernstein raised shares of Expand Energy to a “strong-buy” rating and set a $150.00 price target on the stock in a research report on Thursday, May 22nd. Finally, Bernstein Bank dropped their price target on shares of Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Expand Energy presently has a consensus rating of “Buy” and a consensus target price of $127.12.

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.