Empowered Funds LLC Invests $7.59 Million in Expand Energy Corporation $EXE

Empowered Funds LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,198 shares of the company’s stock, valued at approximately $7,592,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Transamerica Financial Advisors LLC bought a new position in shares of Expand Energy in the first quarter worth approximately $27,000. Harbour Investments Inc. bought a new position in shares of Expand Energy in the first quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new position in shares of Expand Energy in the first quarter worth approximately $28,000. Quarry LP purchased a new stake in Expand Energy in the first quarter worth $28,000. Finally, Pinney & Scofield Inc. bought a new stake in Expand Energy in the first quarter valued at $29,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $96.47 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $22.97 billion, a P/E ratio of 247.37 and a beta of 0.46. The business has a fifty day simple moving average of $99.94 and a two-hundred day simple moving average of $106.10. Expand Energy Corporation has a 12 month low of $69.96 and a 12 month high of $123.35.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data 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 analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 annualized dividend and a yield of 2.4%. Expand Energy’s dividend payout ratio (DPR) is currently 589.74%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXE. Wolfe Research cut their price target on shares of Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Jefferies Financial Group set a $135.00 price target on shares of Expand Energy and gave the company a “buy” rating in a report on Saturday, June 14th. Siebert Williams Shank cut their price target on shares of Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Wells Fargo & Company cut 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 report on Tuesday, July 15th. Finally, The Goldman Sachs Group cut their price target on shares of Expand Energy from $127.00 to $125.00 in a report on Thursday, July 17th. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $127.12.

Insider Buying and Selling at Expand Energy

In other news, COO Joshua J. Viets acquired 2,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $95.86 per share, with a total value of $239,650.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

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.