Carlson Capital L.P. Takes $2.61 Million Position in Expand Energy Corporation $EXE

Carlson Capital L.P. bought a new stake in Expand Energy Corporation (NASDAQ:EXE – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,734 shares of the company’s stock, valued at approximately $2,606,000. Expand Energy makes up about 0.8% of Carlson Capital L.P.’s investment portfolio, making the stock its 12th biggest holding.

Several other large investors also recently bought and sold shares of EXE. Atlantic Union Bankshares Corp raised its stake in Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. lifted its position in Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after buying an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Expand Energy in the 4th quarter worth $30,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Expand Energy in the 1st quarter worth about $32,000. Institutional investors own 97.93% of the company’s stock.

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Insider Activity

In related news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer directly 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 disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 4,000 shares of company stock valued at $375,120. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup lowered their price target on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Roth Capital reissued a “neutral” rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday. Finally, Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.00.

Read Our Latest Research Report on Expand Energy

Expand Energy News Summary

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Q2 earnings beat estimates: Expand Energy reported adjusted earnings of $1.33 per share, above the $1.13 consensus estimate. Higher production and lower operating costs helped offset weaker revenue and natural-gas prices. Expand Energy Q2 Earnings Beat Estimates on Strong Production
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $117 to $121 and maintained a Buy rating, while Morgan Stanley and UBS also reiterated or issued Buy ratings. These targets imply substantial potential upside from recent trading levels. Truist Raises Expand Energy Price Target Morgan Stanley Keeps Their Buy Rating on Expand Energy Expand Energy Receives a Buy from UBS
• Positive Sentiment: Growth strategy gains traction: The acquisition of Twin Eagle Holdings expands Expand Energy’s gas-marketing platform and could improve access to LNG, power and industrial customers. Management also retained its full-year production target and highlighted the potential for a larger buyback authorization. Expand Energy Sticks to Full-Year Production Goal Expand Energy Agrees to Buy Twin Eagle Holdings
• Neutral Sentiment: Barclays maintained a Hold rating, indicating that some analysts remain cautious despite the earnings beat and strategic expansion. Barclays Keeps Their Hold Rating on Expand Energy
• Negative Sentiment: Lower natural-gas prices, weaker quarterly revenue versus expectations and potential infrastructure constraints remain risks to near-term cash flow and the pace of growth.

Expand Energy Stock Performance

EXE stock opened at $94.03 on Friday. 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 $21.77 billion, a price-to-earnings ratio of 8.12 and a beta of 0.34. The business’s fifty day simple moving average is $89.98 and its two-hundred day simple moving average is $98.77. The company has a quick ratio of 1.11, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Analysts predict that Expand Energy Corporation will post 8.66 earnings per share for the current year.

Expand Energy Dividend Announcement

The business 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. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s payout ratio is 19.86%.

Expand Energy 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.

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