Citizens Financial Group Inc. RI Invests $656,000 in Expand Energy Corporation $EXE

Citizens Financial Group Inc. RI bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, HoldingsChannel reports. The firm bought 7,193 shares of the company’s stock, valued at approximately $656,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp raised 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 buying an additional 100 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 193 shares during the last quarter. Eastern Bank purchased a new stake in shares of Expand Energy during the second quarter worth about $27,000. SJS Investment Consulting Inc. increased its holdings in shares of Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after acquiring an additional 205 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Expand Energy during the fourth quarter valued at about $30,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Up 0.6%

Shares of EXE stock opened at $96.03 on Thursday. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62. The firm has a market capitalization of $22.23 billion, a PE ratio of 8.29 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50-day simple moving average is $90.60 and its 200-day simple moving average is $97.70.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Equities analysts expect that Expand Energy Corporation will post 8.92 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s dividend payout ratio (DPR) is currently 19.86%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was 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 owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EXE. Truist Financial increased their price objective on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup dropped their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings lowered shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Benchmark decreased their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Barclays lowered their price objective on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.67.

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.