6,825 Shares in Expand Energy Corporation $EXE Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,825 shares of the company’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXE. Sierra Summit Advisors LLC boosted its holdings in shares of Expand Energy by 25.9% in the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after buying an additional 15,904 shares during the period. King Luther Capital Management Corp grew its position in shares of Expand Energy by 16.6% during the 4th quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock valued at $26,443,000 after buying an additional 34,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Expand Energy during the fourth quarter worth about $57,153,000. Finally, Sei Investments Co. lifted its holdings in Expand Energy by 86.9% in the first quarter. Sei Investments Co. now owns 251,984 shares of the company’s stock worth $27,663,000 after acquiring an additional 117,163 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the purchase, the chief executive officer directly 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.22% of the stock is owned by insiders.

Expand Energy Price Performance

NASDAQ EXE opened at $96.07 on Friday. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week 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 cap of $22.24 billion, a price-to-earnings ratio of 8.30 and a beta of 0.34. The company has a 50-day moving average price of $90.78 and a two-hundred day moving average price of $97.59.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. The company 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 forecast that Expand Energy Corporation will post 8.92 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is currently 19.86%.

Wall Street Analysts Forecast Growth

EXE has been the subject of a number of research reports. UBS Group decreased their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Barclays dropped their price target on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday. Citigroup cut their price target on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Truist Financial upped their price objective on Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Benchmark dropped their target price on Expand Energy from $124.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.67.

Expand Energy 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.