Key Points
- CFO Marcel Teunissen bought 2,000 shares on May 7 at an average price of $96.43 (total ~$192,860), raising his direct stake 28% to 9,144 shares valued at roughly $881,756.
- Operationally strong: Expand Energy posted Q1 EPS of $3.83 vs. $3.61 expected and revenue of $4.40B vs. $3.53B, and declared a quarterly dividend of $0.575 (annualized $2.30, ~2.4% yield).
- Analyst sentiment is generally positive with a consensus rating of "Moderate Buy" and an average target of $132.09, while institutional investors own about 97.93% of the stock.
Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CFO Marcel Teunissen bought 2,000 shares of the firm's stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company's stock, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Expand Energy Stock Performance
Expand Energy stock opened at $97.42 on Friday. The firm has a market capitalization of $23.31 billion, a PE ratio of 7.26 and a beta of 0.36. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The stock's 50 day moving average price is $103.48 and its 200 day moving average price is $107.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11.
Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, sell-side analysts expect that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy's dividend payout ratio (DPR) is presently 17.15%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. TD Cowen upgraded shares of Expand Energy to a "strong-buy" rating in a report on Monday, February 9th. Barclays lifted their target price on Expand Energy from $125.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. Jefferies Financial Group reiterated a "buy" rating and issued a $141.00 price target on shares of Expand Energy in a research note on Thursday, February 19th. Wells Fargo & Company set a $123.00 price target on Expand Energy in a report on Monday, February 23rd. Finally, Morgan Stanley restated an "overweight" rating on shares of Expand Energy in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.09.
Check Out Our Latest Analysis on Expand Energy
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of EXE. 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 buying an additional 88 shares during the last quarter. Hara Capital LLC lifted its holdings in Expand Energy by 3.3% in the third quarter. Hara Capital LLC now owns 3,145 shares of the company's stock worth $334,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Expand Energy by 1.0% in the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company's stock valued at $1,041,000 after acquiring an additional 100 shares during the period. Atlantic Union Bankshares Corp boosted its stake in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the period. Finally, McGowan Group Asset Management Inc. grew its holdings in shares of Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company's stock valued at $2,657,000 after purchasing an additional 105 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.
About Expand Energy
(
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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