SG Americas Securities LLC Increases Holdings in Expand Energy Corporation $EXE

SG Americas Securities LLC grew its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 228.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 553,079 shares of the company’s stock after buying an additional 384,447 shares during the quarter. SG Americas Securities LLC’s holdings in Expand Energy were worth $60,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp increased its position in Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy during the fourth quarter valued at approximately $30,000. Abound Wealth Management grew its position in Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares during the period. Finally, Transamerica Financial Advisors LLC increased its holdings in Expand Energy by 564.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock valued at $35,000 after buying an additional 271 shares during the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Price Performance

EXE stock opened at $88.44 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average price is $94.49 and its 200-day moving average price is $103.12. Expand Energy Corporation has a one year low of $86.37 and a one year high of $126.62. The company has a market capitalization of $21.16 billion, a PE ratio of 6.60 and a beta of 0.33.

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

Expand Energy Announces Dividend

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 Transactions at Expand Energy

In other Expand Energy news, CFO Marcel Teunissen bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This trade represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Wichterich bought 1,000 shares of Expand Energy 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 completion of the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXE. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Benchmark upped their price target on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company set a $123.00 price objective on Expand Energy in a research report on Monday, February 23rd. Finally, UBS Group increased their target price on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

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.