Retirement Planning Group LLC Takes $2.68 Million Position in Expand Energy Corporation $EXE

Retirement Planning Group LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,372 shares of the company’s stock, valued at approximately $2,676,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expand Energy in the first quarter valued at $208,000. Focus Partners Wealth acquired a new stake in Expand Energy in the first quarter valued at $205,000. Geneos Wealth Management Inc. purchased a new position in shares of Expand Energy in the first quarter valued at $79,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Expand Energy during the 2nd quarter worth $757,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Trading Down 0.2%

Expand Energy stock opened at $87.10 on Tuesday. The stock has a 50-day moving average price of $92.07 and a 200 day moving average price of $100.49. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62. The stock has a market cap of $20.84 billion, a PE ratio of 6.50 and a beta of 0.34. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Equities research analysts predict that Expand Energy Corporation will post 8.52 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

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

Insider Transactions at Expand Energy

In related news, CFO Marcel Teunissen acquired 2,000 shares of Expand Energy stock in a transaction on Thursday, May 7th. The shares were bought at an average price 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. This trade represents a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of the firm’s 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 directly owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 4,000 shares of company stock worth $375,120. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a report on Tuesday, May 26th. Truist Financial lowered their price target on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Finally, Morgan Stanley reduced their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.78.

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.