Expand Energy Corporation (NASDAQ:EXE – Get Free Report) CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the completion of the purchase, the chief executive officer owned 84,498 shares in the company, valued at $7,888,733.28. This trade represents a 1.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Michael Wichterich also recently made the following trade(s):
- On Friday, March 6th, Michael Wichterich bought 2,000 shares of Expand Energy stock. The shares were acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00.
Expand Energy Trading Down 1.4%
Shares of NASDAQ:EXE opened at $92.07 on Friday. Expand Energy Corporation has a 52 week low of $90.79 and a 52 week high of $126.62. The company’s 50 day moving average is $98.39 and its two-hundred day moving average is $105.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $22.03 billion, a PE ratio of 6.87 and a beta of 0.33.
Expand Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given 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 2.5%. Expand Energy’s dividend payout ratio is currently 17.15%.
Key Expand Energy News
Here are the key news stories impacting Expand Energy this week:
- Positive Sentiment: CEO Michael Wichterich bought 1,000 shares at $93.36, a move that can signal confidence in Expand Energy’s outlook and management’s view of the stock’s value.
- Neutral Sentiment: KeyCorp raised its Q4 2027 earnings estimate for Expand Energy to $3.19 per share from $2.97, indicating improved longer-term expectations for that quarter.
- Neutral Sentiment: The company recently paid its quarterly dividend of $0.575 per share, supporting income-focused investors but not likely a major near-term stock driver.
- Negative Sentiment: KeyCorp lowered its FY2026 earnings estimate to $9.71 per share from $10.51, suggesting a softer near-term profit outlook.
- Negative Sentiment: The firm also cut its Q2 2026 EPS estimate to $1.38 from $1.61 and trimmed Q1 2027, Q2 2027, Q3 2027, Q4 2026, and FY2027 estimates, reflecting a broader downgrade to expected earnings momentum.
Analysts Set New Price Targets
A number of brokerages have commented on EXE. Piper Sandler increased their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Truist Financial reissued a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, Benchmark increased their price objective on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two research 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.
Get Our Latest Stock Analysis on EXE
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Siemens Fonds Invest GmbH grew its position in shares of Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of Expand Energy by 1.0% in the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after buying an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Expand Energy by 74.6% in the 4th 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 last quarter. McGowan Group Asset Management Inc. grew its position in shares of Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after buying an additional 105 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after buying an additional 108 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.
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.
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