Expand Energy Corporation $EXE is Clough Capital Partners L P’s 6th Largest Position

Clough Capital Partners L P raised its holdings in Expand Energy Corporation (NASDAQ:EXE) by 52.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 341,456 shares of the company’s stock after acquiring an additional 116,741 shares during the quarter. Expand Energy makes up 3.6% of Clough Capital Partners L P’s holdings, making the stock its 6th largest holding. Clough Capital Partners L P’s holdings in Expand Energy were worth $37,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Siemens Fonds Invest GmbH lifted its position in shares of Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after purchasing an additional 88 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings 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 worth $26,000 after purchasing an additional 100 shares during the last quarter. McGowan Group Asset Management Inc. grew its holdings in shares of Expand Energy by 0.4% in the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after purchasing an additional 105 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Expand Energy by 25.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after purchasing an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Expand Energy by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock worth $286,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 4,000 shares of company stock valued at $375,120 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley lowered 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 equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $130.19.

Expand Energy Stock Performance

EXE stock opened at $91.52 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50-day moving average price of $90.70 and a 200 day moving average price of $99.18. The company has a market capitalization of $21.89 billion, a P/E ratio of 6.82 and a beta of 0.34. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data 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. 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 analyst estimates of $3.53 billion. As a group, equities research analysts forecast that Expand Energy Corporation will post 8.4 EPS for the current fiscal year.

Expand Energy Announces Dividend

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 $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio is presently 17.15%.

About Expand Energy

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.