10,700 Shares in Expand Energy Corporation $EXE Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,700 shares of the company’s stock, valued at approximately $1,181,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its stake in shares of Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after purchasing an additional 88 shares during the period. New Mexico Educational Retirement Board grew its stake in shares of Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after purchasing an additional 100 shares during the period. Atlantic Union Bankshares Corp grew its stake in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. McGowan Group Asset Management Inc. grew its stake in shares of Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after purchasing an additional 105 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Expand Energy by 5.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EXE shares. UBS Group lifted their price target on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial reissued a “buy” rating and issued a $134.00 price target (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. Stephens lifted their price target 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. 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. Finally, Barclays lifted their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.23.

Expand Energy Trading Up 0.4%

Shares of EXE stock opened at $97.94 on Friday. The stock’s fifty day moving average is $101.37 and its two-hundred day moving average is $106.97. 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 firm has a market capitalization of $23.43 billion, a P/E ratio of 7.30 and a beta of 0.36. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

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

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

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.