Krilogy Financial LLC Buys Shares of 5,996 Expand Energy Corporation $EXE

Krilogy Financial LLC bought a new position in Expand Energy Corporation (NASDAQ:EXEFree Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,996 shares of the company’s stock, valued at approximately $658,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXE. Capital Research Global Investors raised 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 worth $2,345,303,000 after buying an additional 5,291,948 shares during the period. State Street Corp grew its stake in Expand Energy by 8.3% in the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Invesco Ltd. grew its stake in Expand Energy by 16.5% in the third quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock valued at $463,140,000 after acquiring an additional 619,001 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Expand Energy by 192.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Expand Energy by 4.5% in the fourth quarter. Morgan Stanley now owns 3,183,177 shares of the company’s stock worth $351,296,000 after acquiring an additional 138,381 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler raised their price target on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Morgan Stanley lowered their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. UBS Group raised their target price on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Finally, Benchmark lifted their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

View Our Latest Report on EXE

Expand Energy Trading Up 0.0%

Shares of Expand Energy stock opened at $88.47 on Friday. The stock has a market cap of $21.17 billion, a P/E ratio of 6.60 and a beta of 0.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 12-month low of $86.37 and a 12-month high of $126.62. The business’s 50 day moving average is $93.81 and its 200-day moving average is $102.31.

Expand Energy (NASDAQ:EXEGet Free Report) last released its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.22. The business had revenue of $4.40 billion during 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%. Equities research analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company 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. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 4,000 shares of company stock valued at $375,120. Insiders own 0.22% of the company’s stock.

Expand Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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