Arkadios Wealth Advisors Increases Stock Position in Expand Energy Corporation $EXE

Arkadios Wealth Advisors lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 19.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,009 shares of the company’s stock after acquiring an additional 2,896 shares during the period. Arkadios Wealth Advisors’ holdings in Expand Energy were worth $2,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Harbour Investments Inc. purchased a new position in Expand Energy in the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC purchased a new position in Expand Energy in the 1st quarter valued at $27,000. First Horizon Advisors Inc. purchased a new position in Expand Energy in the 1st quarter valued at $28,000. Quarry LP purchased a new position in Expand Energy in the 1st quarter valued at $28,000. Finally, Cheviot Value Management LLC purchased a new position in Expand Energy in the 1st quarter valued at $29,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. Jefferies Financial Group lowered their price objective on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Siebert Williams Shank dropped their target price on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Finally, William Blair began coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and an average target price of $128.24.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $100.52 on Friday. The firm has a market capitalization of $23.94 billion, a P/E ratio of 28.56 and a beta of 0.47. Expand Energy Corporation has a one year low of $83.10 and a one year high of $123.35. The company’s fifty day moving average is $100.96 and its two-hundred day moving average is $105.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.78 and a current ratio of 0.81.

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

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 13th. Expand Energy’s payout ratio is presently 589.74%.

Insider Buying and Selling at Expand Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were bought at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the transaction, the chief executive officer 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the purchase, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.19% of the stock is currently owned by insiders.

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.