West Family Investments Inc. Purchases Shares of 56,290 Expand Energy Corporation $EXE

West Family Investments Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 56,290 shares of the company’s stock, valued at approximately $574,000.

Several other large investors have also bought and sold shares of EXE. BlackRock Inc. purchased a new stake in shares of Expand Energy in the 2nd quarter worth about $1,778,004,000. Capital Research Global Investors increased its stake in Expand Energy by 33.2% during the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock valued at $2,345,303,000 after purchasing an additional 5,291,948 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Expand Energy during the second quarter valued at approximately $267,109,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 purchasing an additional 2,414,311 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Expand Energy by 192.0% in the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after purchasing an additional 2,160,979 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

EXE stock opened at $96.03 on Thursday. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 8.29 and a beta of 0.34. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $90.60 and its two-hundred day simple moving average is $97.70.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Analysts predict that Expand Energy Corporation will post 8.92 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s dividend payout ratio is 19.86%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXE. Morgan Stanley lowered their price target on Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays decreased their price target on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday. Roth Capital restated a “neutral” rating and issued a $93.00 price objective on shares of Expand Energy in a research note on Wednesday, July 29th. Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and cut their price target for the company from $135.00 to $125.00 in a report on Monday. Finally, Benchmark dropped their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.67.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

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.