Key Points
- CEO Michael Wichterich purchased 2,000 shares on March 6 at $107.50 per share (≈$215,000), bringing his direct stake to 83,498 shares and increasing his ownership by 2.45%; the trade was disclosed in an SEC filing.
- Expand Energy beat expectations with quarterly EPS of $2.00 (vs. $1.89 est.) on $3.27B revenue and announced a $0.575 quarterly dividend (annual $2.30, yield 2.1%, ex-dividend March 5).
- Analysts maintain an overall "Buy" consensus with a $130.38 average price target, and institutional investors own roughly 97.9% of the stock.
Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This trade 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 accessible through the SEC website.
Expand Energy Trading Up 1.0%
Shares of Expand Energy stock opened at $107.87 on Tuesday. The firm has a market cap of $25.93 billion, a PE ratio of 14.31 and a beta of 0.47. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $106.19 and a 200-day moving average price of $106.80.
Expand Energy (NASDAQ:EXE - Get Free Report) 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 company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.
Expand Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy's payout ratio is presently 30.50%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on EXE shares. Mizuho raised their price target on shares of Expand Energy from $136.00 to $142.00 and gave the stock an "outperform" rating in a research note on Friday, December 12th. Sanford C. Bernstein dropped their price objective on Expand Energy from $145.00 to $144.00 and set an "outperform" rating on the stock in a research note on Monday, January 5th. Barclays decreased their target price on Expand Energy from $126.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company set a $123.00 target price on Expand Energy in a research note on Monday, February 23rd. Finally, UBS Group dropped their price target on Expand Energy from $150.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $130.38.
Read Our Latest Research Report on Expand Energy
Institutional Trading of Expand Energy
Institutional investors and hedge funds have recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its position in shares of Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company's stock valued at $147,000 after purchasing an additional 88 shares in the last quarter. Hara Capital LLC boosted its stake in Expand Energy by 3.3% during the third quarter. Hara Capital LLC now owns 3,145 shares of the company's stock valued at $334,000 after buying an additional 100 shares during the period. New Mexico Educational Retirement Board grew its position in Expand Energy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company's stock worth $1,041,000 after buying an additional 100 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Finally, McGowan Group Asset Management Inc. boosted its position in shares of Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company's stock valued at $2,657,000 after acquiring an additional 105 shares during the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
Expand Energy Company Profile
(
Get Free Report)
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.
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