Catalyst Capital Advisors LLC Invests $1.93 Million in Expand Energy Corporation $EXE

Catalyst Capital Advisors LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 17,500 shares of the company’s stock, valued at approximately $1,931,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its holdings in shares of Expand Energy by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after buying an additional 13,670 shares during the period. Intech Investment Management LLC raised its holdings in shares of Expand Energy by 513.9% in the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after buying an additional 30,790 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares during the period. Candriam S.C.A. grew its stake in Expand Energy by 59.0% in the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after purchasing an additional 11,428 shares in the last quarter. Finally, CSM Advisors LLC bought a new position in Expand Energy in the third quarter worth approximately $20,103,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Wichterich acquired 2,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Down 0.7%

Expand Energy stock opened at $92.98 on Friday. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The business has a fifty day moving average of $100.12 and a two-hundred day moving average of $106.40. 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 firm has a market cap of $22.24 billion, a P/E ratio of 6.93 and a beta of 0.36.

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

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXE. TD Cowen raised Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Truist Financial reissued a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. UBS Group increased their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Finally, William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.