Expand Energy Corporation $EXE Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 9.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 195,256 shares of the company’s stock after selling 20,170 shares during the quarter. Expand Energy comprises approximately 1.6% of Levin Capital Strategies L.P.’s portfolio, making the stock its 16th biggest position. Levin Capital Strategies L.P.’s holdings in Expand Energy were worth $21,435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Atlantic Union Bankshares Corp increased its position 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 buying an additional 100 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 193 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Expand Energy during the fourth quarter worth about $30,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Expand Energy during the first quarter worth about $32,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on EXE shares. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. UBS Group cut their price target on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Morgan Stanley lowered their price objective on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Finally, William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Trading Up 5.2%

Shares of NASDAQ:EXE opened at $93.17 on Thursday. Expand Energy Corporation has a 52-week low of $84.99 and a 52-week high of $126.62. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 6.95 and a beta of 0.34. 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 business has a 50-day moving average price of $90.90 and a 200-day moving average price of $99.41.

Expand Energy (NASDAQ:EXE) last issued 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 firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Equities analysts predict that Expand Energy Corporation will post 8.4 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is presently 17.15%.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marcel Teunissen bought 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% 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.