Moran Wealth Management LLC Buys 8,802 Shares of Expand Energy Corporation $EXE

Moran Wealth Management LLC grew its position in Expand Energy Corporation (NASDAQ:EXE) by 41.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,834 shares of the company’s stock after purchasing an additional 8,802 shares during the period. Moran Wealth Management LLC’s holdings in Expand Energy were worth $3,275,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Siemens Fonds Invest GmbH boosted its position in Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Expand Energy by 1.0% in the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after acquiring an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp raised 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 acquiring an additional 100 shares during the last quarter. McGowan Group Asset Management Inc. boosted its holdings in shares of Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after acquiring an additional 105 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Expand Energy by 25.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EXE. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Truist Financial restated a “buy” rating and set a $134.00 target price (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Piper Sandler raised their target price on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley cut their price target on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.47.

Expand Energy Price Performance

Shares of EXE opened at $90.72 on Monday. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 6.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The business’s fifty day moving average price is $93.22 and its two-hundred day moving average price is $101.33. Expand Energy Corporation has a 52 week low of $86.37 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, analysts predict that Expand Energy Corporation will post 8.67 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders 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 2.5%. Expand Energy’s payout ratio is currently 17.15%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the 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 acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the company’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 transaction, 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 position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 4,000 shares of company stock valued at $375,120. 0.22% of the stock is currently 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.