Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Acquires 1,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the transaction, the chief executive officer owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. The trade was a 1.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Wichterich also recently made the following trade(s):

• On Friday, March 6th, Michael Wichterich purchased 2,000 shares of Expand Energy stock. The shares were purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00.

Expand Energy Stock Up 2.6%

Shares of NASDAQ EXE opened at $93.40 on Friday. Expand Energy Corporation has a one year low of $90.79 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The business’s fifty day moving average price is $98.83 and its 200-day moving average price is $105.60. The stock has a market capitalization of $22.34 billion, a PE ratio of 6.96 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last issued its quarterly 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. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. On average, equities research analysts anticipate that Expand Energy Corporation will post 8.8 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders 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 dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

Hedge Funds Weigh In On Expand Energy

Institutional investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH lifted its holdings in Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after buying an additional 88 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after buying an additional 100 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. McGowan Group Asset Management Inc. lifted its holdings in Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after buying an additional 105 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after buying an additional 108 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EXE shares. TD Cowen raised Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Morgan Stanley dropped their price target on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Truist Financial reaffirmed a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, Stephens increased their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.45.

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.