Beck Capital Management LLC Takes Position in Expand Energy Corporation $EXE

Beck Capital Management LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,510 shares of the company’s stock, valued at approximately $1,822,000.

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

Expand Energy Stock Up 2.0%

EXE opened at $88.78 on Friday. The firm has a 50-day simple moving average of $96.23 and a two-hundred day simple moving average of $104.55. Expand Energy Corporation has a 52 week low of $86.80 and a 52 week high of $126.62. The company has a market capitalization of $21.24 billion, a PE ratio of 6.62 and a beta of 0.33. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating 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 business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Analysts forecast that Expand Energy Corporation will post 8.7 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

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

Insider Activity

In related news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $93.36 per share, with a total value of $93,360.00. Following the acquisition, the chief executive officer directly owned 84,498 shares in the company, valued at approximately $7,888,733.28. The trade was a 1.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EXE. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Truist Financial reaffirmed a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Finally, Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Two investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.45.

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.