Expand Energy Corporation $EXE Stock Holdings Lifted by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its position in Expand Energy Corporation (NASDAQ:EXE) by 750.1% in the first quarter, HoldingsChannel reports. The firm owned 32,473 shares of the company’s stock after acquiring an additional 28,653 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Expand Energy were worth $3,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Summit Advisors LLC lifted its holdings in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after buying an additional 15,904 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock worth $26,443,000 after buying an additional 34,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock valued at $267,172,000 after acquiring an additional 2,414,311 shares in the last quarter. Swiss National Bank raised its position in Expand Energy by 2.8% during the third quarter. Swiss National Bank now owns 651,656 shares of the company’s stock valued at $69,232,000 after acquiring an additional 17,700 shares in the last quarter. Finally, CSM Advisors LLC acquired a new stake in Expand Energy in the third quarter valued at approximately $20,103,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXE shares. Truist Financial restated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. UBS Group boosted their price target on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Piper Sandler upped their price target on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.47.

Expand Energy Price Performance

Expand Energy stock opened at $90.72 on Friday. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 6.77 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a fifty-two week low of $86.37 and a fifty-two week high of $126.62. The firm has a fifty day moving average price of $93.22 and a two-hundred day moving average price of $101.40.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. As a group, analysts forecast that Expand Energy Corporation will post 8.67 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s payout ratio is currently 17.15%.

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.