Expand Energy Corporation $EXE Shares Bought by Swiss National Bank

Swiss National Bank boosted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 7.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 699,056 shares of the company’s stock after acquiring an additional 46,500 shares during the quarter. Swiss National Bank’s holdings in Expand Energy were worth $76,742,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EXE. Atlantic Union Bankshares Corp raised its stake 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 acquiring an additional 100 shares during the period. Rakuten Securities Inc. boosted its position in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in Expand Energy in the 4th quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors acquired a new stake in Expand Energy in the 1st quarter valued at approximately $32,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marcel Teunissen bought 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Up 1.9%

Shares of NASDAQ EXE opened at $88.58 on Wednesday. The stock has a market cap of $21.19 billion, a P/E ratio of 6.61 and a beta of 0.34. The business’s fifty day simple moving average is $90.95 and its 200-day simple moving average is $99.54. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping 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 firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. As a group, equities analysts predict that Expand Energy Corporation will post 8.4 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup cut their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Truist Financial dropped their price objective on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley decreased their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.19.

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.