Tema ETFs LLC Sells 86,408 Shares of Expand Energy Corporation $EXE

Tema ETFs LLC reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 94.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,184 shares of the company’s stock after selling 86,408 shares during the quarter. Tema ETFs LLC’s holdings in Expand Energy were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp increased its position in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. raised its holdings in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the last quarter. Eastern Bank acquired a new position in shares of Expand Energy in the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. lifted its position in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the period. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the 4th quarter valued at $30,000. 97.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were purchased 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 owned 85,498 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXE. UBS Group decreased their price objective on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Roth Capital reaffirmed a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, Morgan Stanley lowered their price objective on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.12.

Expand Energy Stock Performance

Shares of EXE stock opened at $94.78 on Friday. The firm has a 50 day moving average of $90.24 and a 200-day moving average of $98.10. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 8.18 and a beta of 0.34. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, equities analysts forecast that Expand Energy Corporation will post 8.92 earnings per share for the current year.

Expand Energy Dividend Announcement

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

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.