8,210 Shares in Expand Energy Corporation $EXE Acquired by WBI Investments LLC

WBI Investments LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,210 shares of the company’s stock, valued at approximately $872,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Expand Energy during the first quarter worth $2,599,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expand Energy in the first quarter valued at $208,000. Focus Partners Wealth purchased a new position in shares of Expand Energy in the first quarter valued at $205,000. Geneos Wealth Management Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth $79,000. Finally, Allworth Financial LP raised its stake in shares of Expand Energy by 163.2% during the 2nd quarter. Allworth Financial LP now owns 1,474 shares of the company’s stock worth $172,000 after buying an additional 914 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on EXE shares. Stephens increased their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Sanford C. Bernstein cut their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Mizuho upped their price target on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, December 12th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, UBS Group dropped their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $131.27.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.

Expand Energy Trading Down 1.2%

Shares of EXE stock opened at $106.40 on Wednesday. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 14.11 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $105.94 and a 200 day moving average price of $107.28. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62.

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

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio is currently 30.50%.

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.