Pictet Asset Management Holding SA Buys 6,273 Shares of Expand Energy Corporation $EXE

Pictet Asset Management Holding SA lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,638 shares of the company’s stock after buying an additional 6,273 shares during the period. Pictet Asset Management Holding SA’s holdings in Expand Energy were worth $10,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXE. Atlantic Union Bankshares Corp boosted its holdings in Expand Energy by 74.6% during 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 during the period. Rakuten Securities Inc. increased its stake in Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Expand Energy in the 4th quarter worth approximately $30,000. Abound Wealth Management lifted its position in Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in Expand Energy by 564.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock valued at $35,000 after purchasing an additional 271 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 4,000 shares of company stock valued at $375,120. 0.22% of the stock is currently owned by corporate insiders.

Expand Energy Price Performance

Shares of EXE stock opened at $90.72 on Friday. The business’s fifty day moving average is $93.22 and its 200 day moving average is $101.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 6.77 and a beta of 0.34. Expand Energy Corporation has a twelve month low of $86.37 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Research analysts expect that Expand Energy Corporation will post 8.67 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXE shares. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Piper Sandler lifted their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. UBS Group upped their price target on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.47.

Expand Energy Company Profile

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.