269,312 Shares in Expand Energy Corporation $EXE Bought by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 269,312 shares of the company’s stock, valued at approximately $24,559,000.

A number of other institutional investors have also recently made changes to their positions in EXE. Atlantic Union Bankshares Corp increased its stake in shares of Expand Energy by 74.6% in 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 period. SJS Investment Consulting Inc. lifted its stake in shares of Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy in the fourth quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new stake in Expand Energy in the first quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new stake in Expand Energy during the 2nd quarter valued at approximately $27,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Up 1.5%

NASDAQ:EXE opened at $98.00 on Friday. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. 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 stock has a market capitalization of $22.69 billion, a price-to-earnings ratio of 8.46 and a beta of 0.34. The firm has a fifty day simple moving average of $91.62 and a two-hundred day simple moving average of $97.14.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data 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. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Analysts expect that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared 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 is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.3%. Expand Energy’s dividend payout ratio is presently 19.86%.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction on Friday, June 12th. The stock was purchased 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 of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a report on Wednesday, July 29th. The Goldman Sachs Group increased their price target on Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and lowered their price objective for the stock from $135.00 to $125.00 in a research report on Monday, August 17th. UBS Group dropped their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Roth Capital restated a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.89.

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.