Empowered Funds LLC Grows Stock Position in Expand Energy Corporation $EXE

Empowered Funds LLC grew its holdings in Expand Energy Corporation (NASDAQ:EXE) by 113.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 177,931 shares of the company’s stock after buying an additional 94,636 shares during the period. Empowered Funds LLC’s holdings in Expand Energy were worth $19,533,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Expand Energy in the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expand Energy in the first quarter worth $208,000. Focus Partners Wealth acquired a new stake in Expand Energy during the 1st quarter worth about $205,000. Geneos Wealth Management Inc. purchased a new stake in Expand Energy during the 1st quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Expand Energy during the 2nd quarter valued at about $757,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 4,000 shares of company stock worth $375,120 over the last 90 days. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXE. Morgan Stanley reduced their price objective on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.19.

Expand Energy Stock Performance

Shares of NASDAQ EXE opened at $88.52 on Wednesday. The company has a market capitalization of $21.18 billion, a PE ratio of 6.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average price is $90.29 and its 200 day moving average price is $98.95. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data 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 company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. On average, research analysts predict that Expand Energy Corporation will post 8.41 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Key Headlines Impacting Expand Energy

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

• Positive Sentiment: Second-quarter earnings beat expectations. Expand Energy reported adjusted earnings of $1.33 per share, above consensus estimates ranging from $1.13 to $1.22 and up from $1.10 a year earlier. Expand Energy Q2 Earnings Beat Estimates
• Positive Sentiment: Twin Eagle acquisition offers growth and integration benefits. EXE agreed to acquire privately held natural-gas marketer Twin Eagle for $1.25 billion. Management expects the deal to contribute more than $200 million in annual EBITDA initially and generate $150 million in annual synergies by the end of 2028, expanding Expand Energy’s reach across major U.S. and Canadian demand markets. Expand Energy to Acquire Twin Eagle
• Neutral Sentiment: The deal shifts EXE toward an integrated natural-gas model. Combining North America’s largest gas producer with a marketing and optimization platform could improve value capture and diversify earnings, but investors will likely monitor transaction funding, closing conditions and the pace of synergy realization. Expand Energy to Acquire Twin Eagle in $1.25 Billion Deal
• Negative Sentiment: Revenue missed forecasts. Quarterly revenue was $2.96 billion, below analysts’ $3.05 billion estimate. The revenue shortfall may be overshadowing the EPS beat, particularly as pre-earnings coverage cited downward estimate revisions. Expand Energy Earnings Results

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.