CIBC Private Wealth Group LLC Has $133.54 Million Stock Holdings in Expand Energy Corporation $EXE

CIBC Private Wealth Group LLC lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 862.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,256,987 shares of the company’s stock after acquiring an additional 1,126,363 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.53% of Expand Energy worth $133,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ESL Trust Services LLC bought a new position in Expand Energy in the third quarter valued at approximately $32,000. Smartleaf Asset Management LLC raised its stake in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Expand Energy during the 3rd quarter worth approximately $47,000. CX Institutional acquired a new stake in shares of Expand Energy in the 3rd quarter valued at approximately $52,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Expand Energy in the 2nd quarter valued at approximately $70,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 1.2%

EXE opened at $106.40 on Wednesday. The stock’s fifty day simple moving average is $105.94 and its 200 day simple moving average is $107.28. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The stock has a market cap of $25.58 billion, a PE ratio of 14.11 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. As a group, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. Expand Energy’s payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXE shares. Jefferies Financial Group restated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Stephens increased their price target on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Sanford C. Bernstein lowered their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $131.27.

Insider Buying and Selling

In related news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% 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.