Kettle Hill Capital Management LLC Takes Position in Expand Energy Corporation $EXE

Kettle Hill Capital Management LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 53,730 shares of the company’s stock, valued at approximately $5,930,000. Expand Energy accounts for 1.3% of Kettle Hill Capital Management LLC’s holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its holdings in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Rakuten Securities Inc. grew its holdings in shares of Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Expand Energy in the 4th quarter valued at $30,000. Abound Wealth Management grew its holdings in shares of Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in shares of Expand Energy by 564.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock valued at $35,000 after buying an additional 271 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of Expand Energy stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $87.90 on Tuesday. The firm has a market cap of $21.03 billion, a PE ratio of 6.55 and a beta of 0.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 1-year low of $86.80 and a 1-year high of $126.62. The company has a fifty day moving average price of $95.91 and a 200 day moving average price of $104.26.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Research analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio is presently 17.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price target on shares of Expand Energy in a report on Thursday, February 19th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. UBS Group boosted their price target on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley reduced their target price on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Finally, Piper Sandler upped their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.