Fifth Third Wealth Advisors LLC Acquires 13,707 Shares of Expand Energy Corporation $EXE

Fifth Third Wealth Advisors LLC raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 123.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,767 shares of the company’s stock after acquiring an additional 13,707 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Expand Energy were worth $2,719,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EXE. Intech Investment Management LLC lifted its stake in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after purchasing an additional 30,790 shares during the last quarter. Sierra Summit Advisors LLC increased its position in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after purchasing an additional 15,904 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock valued at $267,172,000 after buying an additional 2,414,311 shares in the last quarter. King Luther Capital Management Corp raised its holdings 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 in the last quarter. Finally, Swiss National Bank lifted its position in Expand Energy by 2.8% in the 3rd quarter. Swiss National Bank now owns 651,656 shares of the company’s stock worth $69,232,000 after buying an additional 17,700 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE opened at $88.44 on Friday. The stock’s 50 day simple moving average is $93.96 and its 200 day simple moving average is $102.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a 1 year low of $86.37 and a 1 year high of $126.62. The firm has a market cap of $21.16 billion, a price-to-earnings ratio of 6.60 and a beta of 0.33.

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

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s payout ratio is presently 17.15%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXE shares. UBS Group increased their price target on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Truist Financial restated a “buy” rating and issued a $134.00 price objective (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. KeyCorp reaffirmed a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Finally, Morgan Stanley decreased their target price on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Insider Buying and Selling at Expand Energy

In other news, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 4,000 shares of company stock worth $375,120. 0.22% of the stock is owned by insiders.

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.