Expand Energy Corporation $EXE Stock Holdings Lessened by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in Expand Energy Corporation (NASDAQ:EXE) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 424,367 shares of the company’s stock after selling 12,034 shares during the period. Retirement Systems of Alabama’s holdings in Expand Energy were worth $46,833,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EXE. ORG Wealth Partners LLC lifted its holdings in shares of Expand Energy by 32.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,572 shares of the company’s stock worth $173,000 after purchasing an additional 389 shares during the last quarter. Chesley Taft & Associates LLC grew its stake in Expand Energy by 19.7% during the 4th quarter. Chesley Taft & Associates LLC now owns 3,182 shares of the company’s stock worth $351,000 after buying an additional 523 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Expand Energy by 144.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,806 shares of the company’s stock worth $530,000 after buying an additional 2,836 shares during the last quarter. Pallas Capital Advisors LLC increased its position in Expand Energy by 24.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 4,245 shares of the company’s stock worth $468,000 after buying an additional 841 shares during the period. Finally, Romano Brothers AND Company increased its position in Expand Energy by 90.9% in the fourth quarter. Romano Brothers AND Company now owns 49,540 shares of the company’s stock worth $5,467,000 after buying an additional 23,590 shares during the period. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Down 1.8%

Expand Energy stock opened at $111.45 on Tuesday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 14.78 and a beta of 0.47. The company’s 50-day moving average price is $107.32 and its two-hundred day moving average price is $108.14. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. On average, analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, March 5th. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is 30.50%.

Insider Activity

In other news, CEO Michael Wichterich acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Benchmark raised their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Piper Sandler lifted their price target on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Citigroup boosted their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Wells Fargo & Company set a $123.00 target price on Expand Energy in a research report on Monday, February 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $131.48.

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.