Financiere des Professionnels Fonds d investissement inc. Takes $875,000 Position in Expand Energy Corporation $EXE

Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 7,967 shares of the company’s stock, valued at approximately $875,000.

Several other large investors also recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp raised its stake in Expand Energy by 74.6% in the 4th 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 period. Rakuten Securities Inc. boosted its position in Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares during the period. SJS Investment Consulting Inc. boosted its position in Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Expand Energy during the fourth quarter worth about $30,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Expand Energy in the first quarter worth about $32,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the topic of several research reports. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Truist Financial reduced their price objective on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Morgan Stanley lowered their target price on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.19.

Expand Energy Stock Performance

Shares of EXE opened at $88.13 on Friday. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $21.08 billion, a PE ratio of 6.57 and a beta of 0.34. The stock has a 50-day moving average price of $91.30 and a 200-day moving average price of $99.95.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, equities analysts forecast that Expand Energy Corporation will post 8.4 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

Insider Buying and Selling

In related news, CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction 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 SEC filing for this purchase provides additional information. In the last three months, insiders acquired 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

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.