Expand Energy Corporation $EXE Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in Expand Energy Corporation (NASDAQ:EXE) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 424,367 shares of the company’s stock after selling 12,034 shares during the quarter. Retirement Systems of Alabama owned about 0.18% of Expand Energy worth $46,833,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Expand Energy during the first quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Expand Energy during the 1st quarter valued at $208,000. Focus Partners Wealth acquired a new stake in shares of Expand Energy during the 1st quarter worth $205,000. Geneos Wealth Management Inc. purchased a new position in shares of Expand Energy in the 1st quarter worth $79,000. Finally, Franklin Resources Inc. raised its position in shares of Expand Energy by 39.3% in the 2nd quarter. Franklin Resources Inc. now owns 65,350 shares of the company’s stock worth $7,642,000 after buying an additional 18,446 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE stock opened at $111.45 on Tuesday. The firm has a market cap of $26.79 billion, a P/E ratio of 14.78 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The stock has a 50-day simple moving average of $107.32 and a 200-day simple moving average of $108.14.

Expand Energy (NASDAQ:EXE) last issued 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 company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, March 5th. Expand Energy’s payout ratio is 30.50%.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wells Fargo & Company set a $123.00 price objective on Expand Energy in a research note on Monday, February 23rd. Sanford C. Bernstein decreased their target price on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $131.48.

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.