West Family Investments Inc. Has $5.13 Million Position in Expand Energy Corporation $EXE

West Family Investments Inc. grew its holdings in Expand Energy Corporation (NASDAQ:EXE) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,290 shares of the company’s stock after buying an additional 6,290 shares during the period. Expand Energy accounts for about 1.4% of West Family Investments Inc.’s portfolio, making the stock its 11th biggest holding. West Family Investments Inc.’s holdings in Expand Energy were worth $5,133,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp lifted its holdings in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. SJS Investment Consulting Inc. boosted 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 worth $28,000 after acquiring an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Expand Energy in the 4th quarter valued at $30,000. Ascentis Independent Advisors bought a new position in Expand Energy in the first quarter valued at about $32,000. Finally, Eastern Bank bought a new position in Expand Energy in the 2nd quarter valued at approximately $27,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Up 0.3%

Shares of EXE traded up $0.28 during trading hours on Tuesday, reaching $98.19. The stock had a trading volume of 2,191,830 shares, compared to its average volume of 3,571,330. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. The firm has a 50-day simple moving average of $93.09 and a 200 day simple moving average of $96.91. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Equities research analysts predict that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is 19.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and cut their price target for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wolfe Research reissued an “outperform” rating and issued a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Morgan Stanley lowered their price objective on Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Finally, Freedom Broker raised shares of Expand Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and a consensus target price of $126.89.

Insider Buying and Selling

In related news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Expand Energy 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.