Expand Energy Corporation $EXE Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,666 shares of the company’s stock after selling 6,789 shares during the period. California State Teachers Retirement System’s holdings in Expand Energy were worth $30,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of EXE. Atlantic Union Bankshares Corp boosted 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 worth $26,000 after acquiring an additional 100 shares during the period. Rakuten Securities Inc. grew its stake in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Expand Energy in the 4th quarter valued at about $30,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Expand Energy in the first quarter worth approximately $32,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Up 1.7%

Shares of Expand Energy stock opened at $94.03 on Friday. The firm has a market cap of $21.77 billion, a price-to-earnings ratio of 8.12 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 1.11. Expand Energy Corporation has a 52-week low of $84.99 and a 52-week high of $126.62. The stock has a 50-day simple moving average of $89.98 and a 200-day simple moving average of $98.77.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. On average, equities research analysts expect that Expand Energy Corporation will post 8.66 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

EXE has been the subject of several research reports. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Morgan Stanley dropped their price objective on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Truist Financial increased their target price on shares of Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Finally, Roth Capital restated a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.00.

Insider Activity at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Wichterich purchased 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 4,000 shares of company stock valued at $375,120 over the last three months. Insiders own 0.22% of the company’s stock.

Expand Energy News Summary

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Q2 earnings beat estimates: Expand Energy reported adjusted earnings of $1.33 per share, above the $1.13 consensus estimate. Higher production and lower operating costs helped offset weaker revenue and natural-gas prices. Expand Energy Q2 Earnings Beat Estimates on Strong Production
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $117 to $121 and maintained a Buy rating, while Morgan Stanley and UBS also reiterated or issued Buy ratings. These targets imply substantial potential upside from recent trading levels. Truist Raises Expand Energy Price Target Morgan Stanley Keeps Their Buy Rating on Expand Energy Expand Energy Receives a Buy from UBS
• Positive Sentiment: Growth strategy gains traction: The acquisition of Twin Eagle Holdings expands Expand Energy’s gas-marketing platform and could improve access to LNG, power and industrial customers. Management also retained its full-year production target and highlighted the potential for a larger buyback authorization. Expand Energy Sticks to Full-Year Production Goal Expand Energy Agrees to Buy Twin Eagle Holdings
• Neutral Sentiment: Barclays maintained a Hold rating, indicating that some analysts remain cautious despite the earnings beat and strategic expansion. Barclays Keeps Their Hold Rating on Expand Energy
• Negative Sentiment: Lower natural-gas prices, weaker quarterly revenue versus expectations and potential infrastructure constraints remain risks to near-term cash flow and the pace of growth.

Expand Energy 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.