Easterly Investment Partners LLC Sells 17,850 Shares of Expand Energy Corporation $EXE

Easterly Investment Partners LLC lowered its stake in Expand Energy Corporation (NASDAQ:EXE) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,953 shares of the company’s stock after selling 17,850 shares during the period. Easterly Investment Partners LLC’s holdings in Expand Energy were worth $8,492,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EXE. Atlantic Union Bankshares Corp lifted its stake in 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 buying an additional 100 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares in the last quarter. ESL Trust Services LLC bought a new position in Expand Energy in the third quarter valued at approximately $32,000. Abound Wealth Management lifted its stake in Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Expand Energy by 85.0% in the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after buying an additional 199 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $92.98 on Monday. The company’s fifty day simple moving average is $100.12 and its 200-day simple moving average is $106.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a market cap of $22.24 billion, a PE ratio of 6.93 and a beta of 0.33. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Equities research analysts expect that Expand Energy Corporation will post 8.8 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio is 17.15%.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich purchased 2,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXE. William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Benchmark lifted their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research note on Monday, February 23rd. 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. Finally, TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.45.

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.