128,722 Shares in Expand Energy Corporation $EXE Acquired by Dockside LLC

Dockside LLC purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 128,722 shares of the company’s stock, valued at approximately $14,206,000. Expand Energy comprises about 3.6% of Dockside LLC’s investment portfolio, making the stock its largest position.

Other large investors have also recently bought and sold shares of the company. 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 buying an additional 100 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Abound Wealth Management lifted its holdings in Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Expand Energy by 564.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock worth $35,000 after buying an additional 271 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Expand Energy by 54.5% during the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a report on Thursday, February 19th. Benchmark upped their price objective on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Stephens upped their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, UBS Group upped their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.45.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average cost of $93.36 per share, for a total transaction of $93,360.00. Following the purchase, the chief executive officer directly owned 84,498 shares in the company, valued at $7,888,733.28. This trade represents a 1.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Expand Energy Stock Performance

EXE stock opened at $88.78 on Friday. The business’s fifty day moving average is $96.23 and its 200-day moving average is $104.55. 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 company has a market cap of $21.24 billion, a P/E ratio of 6.62 and a beta of 0.33. Expand Energy Corporation has a twelve month low of $86.80 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Equities research analysts forecast that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Announces Dividend

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

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.