Hsbc Holdings PLC Buys 582,900 Shares of Expand Energy Corporation $EXE

Hsbc Holdings PLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 162.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 941,165 shares of the company’s stock after acquiring an additional 582,900 shares during the period. Hsbc Holdings PLC’s holdings in Expand Energy were worth $103,357,000 at the end of the most recent reporting period.

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

Insider Transactions at Expand Energy

In other news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 4,000 shares of company stock worth $375,120 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $88.13 on Monday. The company has a market capitalization of $21.08 billion, a P/E ratio of 6.57 and a beta of 0.34. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average price of $91.30 and a two-hundred day moving average price of $99.87.

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

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EXE shares. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Morgan Stanley cut their price objective on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a report on Monday, June 29th. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Finally, 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 report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Company 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.