19,641 Shares in Expand Energy Corporation $EXE Purchased by Donoghue Forlines LLC

Donoghue Forlines LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 19,641 shares of the company’s stock, valued at approximately $2,168,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EXE. Capital Research Global Investors increased its stake in Expand Energy by 161.5% during the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after purchasing an additional 9,856,576 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in Expand Energy during the 3rd quarter valued at about $169,783,000. CIBC Private Wealth Group LLC increased its stake in Expand Energy by 862.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock valued at $133,542,000 after purchasing an additional 1,126,363 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Expand Energy during the 3rd quarter valued at about $115,504,000. Finally, State Street Corp boosted its holdings in shares of Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after acquiring an additional 1,014,484 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXE. Benchmark raised their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Finally, Stephens lifted their price target on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.09.

Expand Energy Trading Up 1.1%

Expand Energy stock opened at $96.70 on Friday. The stock has a market cap of $23.13 billion, a P/E ratio of 7.21 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The firm’s 50 day moving average price is $102.38 and its 200-day moving average price is $107.15.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. On average, equities analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

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.