MUFG Securities EMEA plc Sells 34,784 Shares of Expand Energy Corporation $EXE

MUFG Securities EMEA plc reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 78.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,774 shares of the company’s stock after selling 34,784 shares during the period. MUFG Securities EMEA plc’s holdings in Expand Energy were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp boosted its stake in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the period. Abound Wealth Management boosted its stake in shares of Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares during the period. Assetmark Inc. boosted its stake in shares of Expand Energy by 54.5% in the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after buying an additional 146 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after purchasing an additional 199 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EXE. Morgan Stanley lowered their price objective on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. UBS Group upped their price target on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Insiders Place Their Bets

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, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Down 0.6%

Shares of NASDAQ:EXE opened at $91.54 on Wednesday. The company has a fifty day moving average of $99.80 and a 200-day moving average of $106.15. The company has a market capitalization of $21.90 billion, a PE ratio of 6.83 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, equities analysts predict that Expand Energy Corporation will post 8.8 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, May 14th. Expand Energy’s dividend payout ratio is presently 17.15%.

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.