Corient Private Wealth LP Buys New Shares in Expand Energy Corporation $EXE

Corient Private Wealth LP acquired a new position in Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 14,540 shares of the company’s stock, valued at approximately $1,326,000.

Several other large investors have also added to or reduced their stakes in the company. Siemens Fonds Invest GmbH boosted its stake 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 purchasing an additional 88 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Expand Energy by 74.6% during the fourth 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 last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Expand Energy by 25.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after purchasing an additional 110 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Expand Energy by 4.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock worth $286,000 after purchasing an additional 111 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Expand Energy by 25.8% in the fourth quarter. Root Financial Partners LLC now owns 561 shares of the company’s stock worth $62,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXE. UBS Group dropped their price objective on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Johnson Rice cut Expand Energy from a “buy” rating to an “accumulate” rating and cut their target price for the company from $135.00 to $125.00 in a research note on Monday, August 17th. The Goldman Sachs Group raised their price target on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Weiss Ratings cut Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $93.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.89.

Expand Energy Price Performance

Shares of EXE stock opened at $97.91 on Friday. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of 8.46 and a beta of 0.34. The stock has a fifty day simple moving average of $92.88 and a two-hundred day simple moving average of $97.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share 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 firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. On average, analysts predict that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $88.90 per share, with a total value 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 approximately $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

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.