Dockside LLC Makes New $14.21 Million Investment in Expand Energy Corporation $EXE

Dockside LLC purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 128,722 shares of the company’s stock, valued at approximately $14,206,000. Expand Energy comprises about 3.6% of Dockside LLC’s holdings, making the stock its largest holding. Dockside LLC owned approximately 0.05% of Expand Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expand Energy during the 1st quarter worth about $208,000. Focus Partners Wealth acquired a new position in shares of Expand Energy during the 1st quarter worth about $205,000. Geneos Wealth Management Inc. acquired a new position in shares of Expand Energy during the 1st quarter worth about $79,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Expand Energy during the 2nd quarter worth about $757,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

EXE has been the subject of several research analyst reports. Stephens boosted their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Jefferies Financial Group reissued a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a research report on Thursday, February 19th. Finally, Morgan Stanley cut their price objective on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Two research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Insider Buying and Selling

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost 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 in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Wichterich purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were acquired 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 in the company, valued at $7,888,733.28. The trade was a 1.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.22% of the stock is owned by corporate insiders.

Expand Energy Trading Up 2.0%

EXE stock opened at $88.78 on Friday. Expand Energy Corporation has a 1-year low of $86.80 and a 1-year high of $126.62. The firm has a market cap of $21.24 billion, a P/E ratio of 6.62 and a beta of 0.33. The business’s 50 day moving average is $96.23 and its 200-day moving average is $104.55. 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 (NASDAQ:EXE) last released its quarterly earnings data 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. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Equities analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors 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 dividend on an annualized basis and a yield of 2.6%. Expand Energy’s dividend payout ratio is 17.15%.

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.