Expand Energy Corporation $EXE Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in Expand Energy Corporation (NASDAQ:EXE) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,816 shares of the company’s stock after selling 64,490 shares during the period. Wellington Management Group LLP’s holdings in Expand Energy were worth $34,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp lifted its stake in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Eastern Bank purchased a new stake in shares of Expand Energy in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. grew its position in shares of Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy in the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Expand Energy in the first quarter valued at approximately $32,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $97.91 on Friday. The firm has a market cap of $22.67 billion, a PE ratio of 8.46 and a beta of 0.34. 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 Corporation has a 52 week low of $84.99 and a 52 week high of $126.62. The business’s fifty day simple moving average is $92.88 and its 200-day simple moving average is $97.00.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Equities analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio (DPR) is currently 19.86%.

Insider Activity

In related news, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EXE shares. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. Truist Financial boosted their price target on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Benchmark dropped their price objective on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Johnson Rice cut shares of Expand Energy from a “buy” rating to an “accumulate” rating and cut their price objective for the stock from $135.00 to $125.00 in a research report on Monday, August 17th. Two equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

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.