J. Safra Sarasin Holding AG Invests $2.39 Million in Expand Energy Corporation $EXE

J. Safra Sarasin Holding AG bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 21,802 shares of the company’s stock, valued at approximately $2,391,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp boosted its position in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Expand Energy by 350.9% during the fourth 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. SJS Investment Consulting Inc. raised its stake in shares of Expand Energy by 379.6% in the first 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 last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Expand Energy in the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Expand Energy in the 1st quarter worth approximately $32,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $87.10 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The stock has a market capitalization of $20.84 billion, a P/E ratio of 6.50 and a beta of 0.34. The business has a 50-day moving average price of $92.07 and a two-hundred day moving average price of $100.49.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Equities analysts predict that Expand Energy Corporation will post 8.52 earnings per share for the current year.

Expand Energy Announces Dividend

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

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was bought at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 4,000 shares of company stock worth $375,120. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXE shares. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Citigroup reduced their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley decreased 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. Finally, Truist Financial cut their price target on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a report on Friday. Two research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.78.

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.