41,000 Shares in Expand Energy Corporation $EXE Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 41,000 shares of the company’s stock, valued at approximately $3,739,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Siemens Fonds Invest GmbH raised its holdings in Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after buying an additional 88 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Expand Energy by 74.6% during 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 during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Expand Energy by 25.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Expand Energy by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock valued at $286,000 after acquiring an additional 111 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Expand Energy by 25.8% during the fourth quarter. Root Financial Partners LLC now owns 561 shares of the company’s stock valued at $62,000 after acquiring an additional 115 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Expand Energy Trading Up 0.2%

NASDAQ:EXE opened at $96.33 on Tuesday. The company has a market cap of $22.30 billion, a PE ratio of 8.32 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $91.10 and a two-hundred day simple moving average of $97.42. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. Research analysts forecast that Expand Energy Corporation will post 8.84 earnings per share for the current year.

Expand Energy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on EXE shares. Wolfe Research reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Roth Capital restated a “neutral” rating and issued a $93.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Truist Financial upped their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Barclays dropped their price objective on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Finally, UBS Group reduced their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.67.

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.