5,926 Shares in Expand Energy Corporation $EXE Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,926 shares of the company’s stock, valued at approximately $540,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXE. Sierra Summit Advisors LLC boosted its holdings in Expand Energy by 25.9% in the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after purchasing an additional 15,904 shares during the period. King Luther Capital Management Corp raised its holdings in shares of Expand Energy by 16.6% during the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock worth $26,443,000 after purchasing an additional 34,132 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Expand Energy in the 4th quarter worth about $57,153,000. Finally, Sei Investments Co. boosted its holdings in shares of Expand Energy by 86.9% in the 1st quarter. Sei Investments Co. now owns 251,984 shares of the company’s stock valued at $27,663,000 after buying an additional 117,163 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Up 0.0%

EXE stock opened at $96.07 on Friday. The company has a 50 day moving average of $90.78 and a two-hundred day moving average of $97.59. The company has a market cap of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE) last posted 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 net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. On average, equities analysts anticipate that Expand Energy Corporation will post 8.92 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on EXE shares. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Morgan Stanley lowered their price target on Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday. Truist Financial upped their target price on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and decreased their price objective for the stock from $135.00 to $125.00 in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.67.

Insider Buying and Selling

In other news, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $88.90 per share, for a total transaction 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 $7,600,772.20. This trade 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 this link. 0.22% of the stock is owned by company 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.