Moran Wealth Management LLC Acquires 9,927 Shares of Expand Energy Corporation $EXE

Moran Wealth Management LLC lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 89.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,032 shares of the company’s stock after acquiring an additional 9,927 shares during the quarter. Moran Wealth Management LLC’s holdings in Expand Energy were worth $2,321,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SMART Wealth LLC bought a new stake in shares of Expand Energy in the 4th quarter worth $344,000. Quattro Financial Advisors LLC grew its stake in shares of Expand Energy by 64.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 11,158 shares of the company’s stock worth $1,231,000 after acquiring an additional 4,386 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Expand Energy by 39.9% in the 4th quarter. Merit Financial Group LLC now owns 22,177 shares of the company’s stock worth $2,447,000 after acquiring an additional 6,329 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Expand Energy by 21.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,781 shares of the company’s stock worth $4,390,000 after acquiring an additional 7,158 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Expand Energy by 16.0% in the 4th quarter. CWM LLC now owns 42,019 shares of the company’s stock worth $4,637,000 after acquiring an additional 5,792 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXE. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Barclays upped their target price on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Finally, Piper Sandler upped their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.95.

Insiders Place Their Bets

In related news, CEO Michael Wichterich purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

Expand Energy Price Performance

EXE opened at $95.82 on Monday. The firm has a market cap of $23.04 billion, a P/E ratio of 12.71 and a beta of 0.47. The firm has a 50-day moving average of $104.92 and a 200 day moving average of $108.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. On average, research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy’s dividend payout ratio is presently 30.50%.

Expand Energy 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.