Chicago Partners Investment Group LLC Makes New $689,000 Investment in Expand Energy Corporation $EXE

Chicago Partners Investment Group LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,277 shares of the company’s stock, valued at approximately $689,000.

Several other institutional investors have also added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp grew its holdings in shares of Expand Energy by 74.6% during the 4th 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. boosted 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. 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 acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in Expand Energy during the 4th quarter worth approximately $30,000. Finally, Ascentis Independent Advisors bought a new stake in Expand Energy during the 1st quarter valued at $32,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

In related news, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, 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. Over the last quarter, insiders acquired 4,000 shares of company stock valued at $375,120. 0.22% of the stock is currently owned by company insiders.

Expand Energy Stock Performance

NASDAQ EXE opened at $88.13 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The business has a 50 day simple moving average of $91.30 and a two-hundred day simple moving average of $99.95. The stock has a market capitalization of $21.08 billion, a PE ratio of 6.57 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, research analysts predict that Expand Energy Corporation will post 8.4 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given 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 presently 17.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EXE. Morgan Stanley dropped their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Truist Financial decreased their price objective on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, July 10th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Citigroup cut their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.19.

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.