Michael Wichterich Purchases 1,000 Shares of Expand Energy (NASDAQ:EXE) Stock

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $93.36 per share, for a total transaction of $93,360.00. Following the acquisition, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at $7,888,733.28. The trade was a 1.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Wichterich also recently made the following trade(s):

• On Friday, March 6th, Michael Wichterich purchased 2,000 shares of Expand Energy stock. The shares were bought at an average price of $107.50 per share, for a total transaction of $215,000.00.

Expand Energy Trading Down 1.4%

Shares of EXE stock opened at $92.07 on Friday. Expand Energy Corporation has a 12 month low of $90.79 and a 12 month high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $98.39 and its two-hundred day moving average is $105.51. The company has a market cap of $22.03 billion, a PE ratio of 6.87 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Equities analysts predict that Expand Energy Corporation will post 8.8 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXE. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Wells Fargo & Company set a $123.00 price target on Expand Energy in a report on Monday, February 23rd. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating and set a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Finally, Stephens increased their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.45.

Institutional Investors Weigh In On Expand Energy

Several hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH lifted its position in Expand Energy by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after purchasing an additional 13,670 shares during the period. Intech Investment Management LLC lifted its position in Expand Energy by 513.9% in the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after purchasing an additional 30,790 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after purchasing an additional 2,414,311 shares during the period. Candriam S.C.A. lifted its position in Expand Energy by 59.0% in the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after purchasing an additional 11,428 shares during the period. Finally, Sierra Summit Advisors LLC lifted its position 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. 97.93% of the stock is owned by institutional investors.

More 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 sign of insider confidence in Expand Energy’s outlook.
• Positive Sentiment: The company recently posted better-than-expected first-quarter results, beating both EPS and revenue estimates, which supports the fundamental case for the stock.
• Neutral Sentiment: Expand Energy continues to trade with a low debt-to-equity ratio and a modest dividend yield, which may help stabilize investor sentiment but is not an immediate catalyst.
• Negative Sentiment: KeyCorp lowered several near- and medium-term earnings estimates for Expand Energy, signaling softer expectations for profitability in the coming quarters.
• Negative Sentiment: Barclays recently cut its rating on the stock to “reduce,” adding to the cautious tone around the shares.

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.