Total Wealth Planning & Management Inc. Makes New Investment in Expand Energy Corporation $EXE

Total Wealth Planning & Management Inc. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,295 shares of the company’s stock, valued at approximately $3,785,000. Expand Energy accounts for 2.8% of Total Wealth Planning & Management Inc.’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Expand Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after acquiring an additional 646,330 shares during the period. Capital Research Global Investors raised its stake in Expand Energy by 161.5% during the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after acquiring an additional 9,856,576 shares during the period. State Street Corp raised its stake in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Invesco Ltd. raised its stake in Expand Energy by 16.5% during the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after acquiring an additional 619,001 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the period. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays cut shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Stephens lifted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Expand Energy Trading Up 2.6%

Expand Energy stock opened at $93.40 on Friday. The stock has a market cap of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. Expand Energy Corporation has a 1 year low of $90.79 and a 1 year high of $126.62. The firm’s 50 day moving average price is $98.83 and its 200-day moving average price is $105.60.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data 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. The firm had revenue of $4.40 billion for 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 predict that Expand Energy Corporation will post 8.8 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. 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.