Inspire Investing LLC Purchases 15,045 Shares of Expand Energy Corporation $EXE

Inspire Investing LLC boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 511.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,989 shares of the company’s stock after purchasing an additional 15,045 shares during the period. Inspire Investing LLC’s holdings in Expand Energy were worth $1,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EXE. Atlantic Union Bankshares Corp lifted its stake in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy during the fourth quarter valued at approximately $30,000. Abound Wealth Management raised its holdings in Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after acquiring an additional 267 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its holdings in Expand Energy by 564.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 319 shares of the company’s stock worth $35,000 after acquiring an additional 271 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the 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 acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXE shares. Piper Sandler upped their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Morgan Stanley decreased their price target on Expand Energy from $139.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial reaffirmed a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, UBS Group lifted their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $131.71.

Expand Energy Trading Up 4.2%

Expand Energy stock opened at $91.19 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $21.82 billion, a P/E ratio of 6.80 and a beta of 0.33. The business has a 50-day simple moving average of $93.52 and a two-hundred day simple moving average of $101.80. Expand Energy Corporation has a 52-week low of $86.37 and a 52-week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The business 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%. Analysts predict that Expand Energy Corporation will post 8.67 EPS for the current year.

Expand Energy Dividend Announcement

The company 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. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

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.