Expand Energy Corporation $EXE Stock Position Cut by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,666 shares of the company’s stock after selling 6,789 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Expand Energy worth $30,372,000 as of its most recent SEC filing.

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

Insider Activity

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

Expand Energy Trading Up 1.7%

Shares of NASDAQ EXE opened at $94.03 on Friday. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. The company has a market cap of $21.77 billion, a price-to-earnings ratio of 8.12 and a beta of 0.34. The company has a quick ratio of 1.11, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $89.98 and a 200-day simple moving average of $98.77.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. Sell-side analysts predict that Expand Energy Corporation will post 8.66 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Roth Capital reissued a “neutral” rating and issued a $93.00 price objective on shares of Expand Energy in a research note on Wednesday. Truist Financial lifted their target price on Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Finally, Citigroup dropped their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.00.

Key Stories Impacting Expand Energy

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Q2 earnings beat estimates: Expand Energy reported adjusted earnings of $1.33 per share, above the $1.13 consensus estimate. Higher production and lower operating costs helped offset weaker revenue and natural-gas prices. Expand Energy Q2 Earnings Beat Estimates on Strong Production
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $117 to $121 and maintained a Buy rating, while Morgan Stanley and UBS also reiterated or issued Buy ratings. These targets imply substantial potential upside from recent trading levels. Truist Raises Expand Energy Price Target Morgan Stanley Keeps Their Buy Rating on Expand Energy Expand Energy Receives a Buy from UBS
• Positive Sentiment: Growth strategy gains traction: The acquisition of Twin Eagle Holdings expands Expand Energy’s gas-marketing platform and could improve access to LNG, power and industrial customers. Management also retained its full-year production target and highlighted the potential for a larger buyback authorization. Expand Energy Sticks to Full-Year Production Goal Expand Energy Agrees to Buy Twin Eagle Holdings
• Neutral Sentiment: Barclays maintained a Hold rating, indicating that some analysts remain cautious despite the earnings beat and strategic expansion. Barclays Keeps Their Hold Rating on Expand Energy
• Negative Sentiment: Lower natural-gas prices, weaker quarterly revenue versus expectations and potential infrastructure constraints remain risks to near-term cash flow and the pace of growth.

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.