Krilogy Financial LLC Acquires Shares of 5,996 Expand Energy Corporation $EXE

Krilogy Financial LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,996 shares of the company’s stock, valued at approximately $658,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. PKO Investment Management Joint Stock Co raised its stake in shares of Expand Energy by 79.6% in the first quarter. PKO Investment Management Joint Stock Co now owns 8,800 shares of the company’s stock valued at $966,000 after acquiring an additional 3,900 shares during the last quarter. SG Americas Securities LLC raised its position in Expand Energy by 228.0% in the 1st quarter. SG Americas Securities LLC now owns 553,079 shares of the company’s stock valued at $60,717,000 after purchasing an additional 384,447 shares during the last quarter. Evolve Private Wealth LLC boosted its stake in Expand Energy by 40.8% in the first quarter. Evolve Private Wealth LLC now owns 4,073 shares of the company’s stock worth $447,000 after purchasing an additional 1,181 shares in the last quarter. Polianta Ltd bought a new stake in shares of Expand Energy during the first quarter worth $1,613,000. Finally, McAlvany Wealth Management LLC acquired a new stake in shares of Expand Energy in the fourth quarter valued at $1,715,000. 97.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXE shares. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Piper Sandler increased their price target on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Expand Energy Trading Up 0.0%

EXE opened at $88.47 on Friday. 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 company has a market cap of $21.17 billion, a price-to-earnings ratio of 6.60 and a beta of 0.33. The firm has a 50 day simple moving average of $93.81 and a 200 day simple moving average of $102.31. Expand Energy Corporation has a fifty-two week low of $86.37 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. On average, sell-side analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio is 17.15%.

Insider Buying and Selling at Expand Energy

In related news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Wichterich acquired 1,000 shares of the company’s 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 acquisition, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 4,000 shares of company stock worth $375,120 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

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.