Key Points
- Expand Energy CEO Michael Wichterich bought 1,000 shares on June 4 at an average price of $93.36, a transaction worth $93,360. After the purchase, he owned 84,498 shares valued at about $7.89 million.
- The company recently reported strong quarterly results, posting earnings of $3.83 per share versus expectations of $3.61 and revenue of $4.40 billion versus $3.53 billion expected.
- Expand Energy also paid a quarterly dividend of $0.575 per share, equal to an annualized yield of 2.5% at the time of the report, while analysts maintained a consensus rating of “Moderate Buy.”
Expand Energy Corporation (NASDAQ:EXE - Get Free Report) CEO Michael Wichterich acquired 1,000 shares of the company's stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $93.36 per share, with a total value of $93,360.00. Following the acquisition, the chief executive officer owned 84,498 shares in the company, valued at approximately $7,888,733.28. This trade represents a 1.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Wichterich also recently made the following trade(s):
- On Friday, March 6th, Michael Wichterich acquired 2,000 shares of Expand Energy stock. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00.
Expand Energy Trading Up 2.6%
NASDAQ EXE opened at $93.40 on Friday. Expand Energy Corporation has a fifty-two week low of $90.79 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day simple moving average of $98.83 and a two-hundred day simple moving average of $105.60. The stock has a market cap of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33.
Expand Energy (NASDAQ:EXE - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts' consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analysts' expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, analysts forecast that Expand Energy Corporation will post 8.8 earnings per share for the current year.
Expand Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy's dividend payout ratio (DPR) is presently 17.15%.
Wall Street Analysts Forecast Growth
EXE has been the subject of a number of research analyst reports. Stephens raised their target price on Expand Energy from $145.00 to $146.00 and gave the company an "overweight" rating in a research note on Wednesday, February 18th. Barclays cut Expand Energy from an "overweight" rating to a "reduce" rating in a research note on Tuesday, May 26th. TD Cowen upgraded Expand Energy to a "strong-buy" rating in a research note on Monday, February 9th. Truist Financial restated a "buy" rating and issued a $134.00 target price (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. Finally, Piper Sandler raised their target price on Expand Energy from $136.00 to $138.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $131.45.
Get Our Latest Report on Expand Energy
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in shares of Expand Energy by 161.5% in the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company's stock worth $1,695,520,000 after purchasing an additional 9,856,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company's stock worth $267,172,000 after purchasing an additional 2,414,311 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Expand Energy by 94.7% in the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company's stock worth $493,890,000 after purchasing an additional 2,188,422 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Expand Energy by 192.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company's stock worth $362,683,000 after purchasing an additional 2,160,979 shares in the last quarter. Finally, Dragoneer Investment Group LLC bought a new stake in shares of Expand Energy in the 4th quarter worth $145,633,000. Institutional investors own 97.93% of the company's stock.
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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