North Dakota State Investment Board Invests $830,000 in Expand Energy Corporation $EXE

North Dakota State Investment Board purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, Holdings Channel reports. The firm purchased 7,519 shares of the company’s stock, valued at approximately $830,000.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its position 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 acquiring an additional 100 shares during the last quarter. Rakuten Securities Inc. increased 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 acquiring an additional 193 shares during the last quarter. Abound Wealth Management increased its position in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after acquiring an additional 267 shares during the last quarter. ESL Trust Services LLC purchased a new stake in Expand Energy during the third quarter valued at $32,000. Finally, Assetmark Inc. increased its position in Expand Energy by 54.5% during the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after acquiring an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EXE. Benchmark upped their price objective on Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Stephens upped their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Truist Financial restated a “buy” rating and issued a $134.00 price target (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Barclays upped their price target on Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Finally, KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.09.

Expand Energy Stock Performance

Shares of EXE opened at $98.85 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $101.73 and a two-hundred day simple moving average of $107.07. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 7.37 and a beta of 0.36. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly 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 business had revenue of $4.40 billion during 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%. On average, analysts expect that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio is 17.15%.

Insider Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Wichterich acquired 2,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.22% of the company’s stock.

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.