Stephens Inc. AR Purchases 1,070 Shares of Expand Energy Corporation $EXE

Stephens Inc. AR boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 9.4% during the second quarter, Holdings Channel reports. The fund owned 12,484 shares of the company’s stock after acquiring an additional 1,070 shares during the period. Stephens Inc. AR’s holdings in Expand Energy were worth $1,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Expand Energy in the second quarter valued at $37,444,000. Mutual of America Capital Management LLC increased its stake in Expand Energy by 8.5% in the second quarter. Mutual of America Capital Management LLC now owns 85,508 shares of the company’s stock valued at $9,999,000 after acquiring an additional 6,707 shares during the last quarter. William Blair Investment Management LLC bought a new position in Expand Energy in the second quarter valued at $403,000. Chevy Chase Trust Holdings LLC increased its stake in Expand Energy by 3.7% in the second quarter. Chevy Chase Trust Holdings LLC now owns 114,387 shares of the company’s stock valued at $13,376,000 after acquiring an additional 4,095 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Expand Energy by 52.0% in the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock valued at $1,810,000 after acquiring an additional 5,234 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

NASDAQ EXE opened at $104.46 on Friday. The company has a 50-day simple moving average of $100.18 and a two-hundred day simple moving average of $105.79. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a 12-month low of $82.69 and a 12-month high of $123.35. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 267.85 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Expand Energy in a research note on Wednesday, October 8th. Siebert Williams Shank reduced their target price on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $125.00 to $98.00 in a research report on Monday, August 18th. Bernstein Bank cut their price target on shares of Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Finally, Scotiabank restated an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.62.

Insider Transactions at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the acquisition, the chief operating officer owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $95.86 per share, with a total value of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.19% 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.