Jupiter Topco LLC Takes Position in Expand Energy Corporation $EXE

Jupiter Topco LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 428,603 shares of the company’s stock, valued at approximately $39,083,000.

Several other large investors have also bought and sold shares of the company. Sierra Summit Advisors LLC lifted its stake in Expand Energy by 25.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after purchasing an additional 15,904 shares during the last quarter. King Luther Capital Management Corp grew its position in Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock worth $26,443,000 after buying an additional 34,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares during the last quarter. Nicholas Investment Partners LP bought a new position in shares of Expand Energy in the second quarter valued at $3,739,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Expand Energy in the fourth quarter valued at $57,153,000. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

EXE has been the subject of a number of recent research reports. Truist Financial increased their price objective on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. UBS Group cut their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Johnson Rice lowered Expand Energy from a “buy” rating to an “accumulate” rating and decreased their price target for the company from $135.00 to $125.00 in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.89.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by insiders.

Expand Energy Stock Up 1.5%

EXE stock opened at $98.00 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $22.69 billion, a P/E ratio of 8.46 and a beta of 0.34. Expand Energy Corporation has a 52-week low of $84.99 and a 52-week high of $126.62. The company’s 50 day simple moving average is $91.62 and its 200-day simple moving average is $97.14.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. As a group, equities research analysts anticipate that Expand Energy Corporation will post 8.84 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio is presently 19.86%.

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.