Michael Wichterich Buys 1,000 Shares of Expand Energy (NASDAQ:EXE) Stock

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Michael Wichterich also recently made the following trade(s):

• On Thursday, June 4th, Michael Wichterich acquired 1,000 shares of Expand Energy stock. The shares were bought at an average price of $93.36 per share, with a total value of $93,360.00.

Expand Energy Trading Up 0.5%

Shares of NASDAQ:EXE opened at $88.36 on Wednesday. Expand Energy Corporation has a 12-month low of $86.80 and a 12-month high of $126.62. The business has a 50 day moving average of $95.60 and a 200-day moving average of $104.05. 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 stock has a market cap of $21.14 billion, a PE ratio of 6.59 and a beta of 0.33.

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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, equities research analysts forecast that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Wall Street Analyst Weigh In

Several research firms recently commented on EXE. Truist Financial restated 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. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research note on Monday, February 23rd. Stephens boosted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. 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, Piper Sandler raised their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Two investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Expand Energy has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Institutional Investors Weigh In On Expand Energy

A number of large investors have recently modified their holdings of EXE. Parallel Advisors LLC increased its stake in shares of Expand Energy by 8.8% in the 1st quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock valued at $209,000 after purchasing an additional 154 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Expand Energy by 82.0% in the first quarter. NewEdge Advisors LLC now owns 8,181 shares of the company’s stock valued at $898,000 after buying an additional 3,685 shares in the last quarter. Carlson Capital L.P. acquired a new stake in Expand Energy in the first quarter valued at about $2,606,000. Glenmede Trust Co. NA grew its position in Expand Energy by 61.6% in the first quarter. Glenmede Trust Co. NA now owns 4,453 shares of the company’s stock valued at $489,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in Expand Energy in the first quarter valued at about $57,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.