7,967 Shares in Expand Energy Corporation $EXE Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,967 shares of the company’s stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Siemens Fonds Invest GmbH lifted its stake in shares of Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after buying an additional 88 shares in the last quarter. New Mexico Educational Retirement Board increased its position in shares of Expand Energy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after acquiring an additional 100 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. McGowan Group Asset Management Inc. raised its holdings in shares of Expand Energy by 0.4% in the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after acquiring an additional 105 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Expand Energy by 25.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after acquiring an additional 110 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In related news, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael Wichterich bought 1,000 shares of Expand Energy 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 completion of the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 4,000 shares of company stock valued at $375,120 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group cut their price target on Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Morgan Stanley lowered their price objective on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. Citigroup dropped their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Stock Down 0.1%

Shares of NASDAQ:EXE opened at $88.13 on Friday. The company has a market capitalization of $21.08 billion, a PE ratio of 6.57 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. The business has a fifty day moving average price of $91.30 and a two-hundred day moving average price of $99.95. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Analysts forecast that Expand Energy Corporation will post 8.4 earnings per share for the current year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 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.