Expand Energy (NASDAQ:EXE) CEO Michael Wichterich Purchases 1,000 Shares

Expand Energy Corporation (NASDAQ:EXE) CEO Michael Wichterich acquired 1,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $93.36 per share, with a total value of $93,360.00. Following the purchase, the chief executive officer directly owned 84,498 shares in the company, valued at approximately $7,888,733.28. This represents a 1.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Michael Wichterich also recently made the following trade(s):

• On Friday, March 6th, Michael Wichterich acquired 2,000 shares of Expand Energy stock. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00.

Expand Energy Stock Performance

Expand Energy stock traded up $2.33 during midday trading on Thursday, hitting $93.40. The company’s stock had a trading volume of 2,553,844 shares, compared to its average volume of 3,645,571. Expand Energy Corporation has a 1-year low of $90.79 and a 1-year high of $126.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50-day moving average price of $99.16 and a two-hundred day moving average price of $105.77. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 6.96 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, topping 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 analysts’ expectations of $3.53 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 8.8 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.575 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.30 annualized dividend and a yield of 2.5%. Expand Energy’s payout ratio is 17.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Truist Financial reissued a “buy” rating and issued a $134.00 target price (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. UBS Group raised their target price on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company set a $123.00 target price on shares of Expand Energy in a report on Monday, February 23rd. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp increased its stake in 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 in the last quarter. Rakuten Securities Inc. grew 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 buying an additional 193 shares during the period. SJS Investment Consulting Inc. grew its position in Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Expand Energy during the fourth quarter valued at about $30,000. Finally, Ascentis Independent Advisors bought a new position in Expand Energy during the first quarter valued at about $32,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Company 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.