Polianta Ltd Acquires Shares of 14,700 Expand Energy Corporation $EXE

Polianta Ltd bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,700 shares of the company’s stock, valued at approximately $1,613,000. Expand Energy comprises about 0.2% of Polianta Ltd’s investment portfolio, making the stock its 24th biggest holding.

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

Insiders Place Their Bets

In related news, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The stock was bought at an average price 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 $7,600,772.20. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 4,000 shares of company stock valued at $375,120 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the topic of a number of research reports. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Morgan Stanley decreased their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Benchmark boosted their target price on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, UBS Group increased their price target on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.45.

Expand Energy Stock Performance

NASDAQ EXE opened at $86.98 on Friday. The company’s 50 day moving average is $94.71 and its 200-day moving average is $103.46. Expand Energy Corporation has a 12-month low of $86.37 and a 12-month high of $126.62. 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 $20.81 billion, a P/E ratio of 6.49 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Sell-side analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently announced 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 dividend yield of 2.6%. Expand Energy’s dividend payout ratio is currently 17.15%.

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.