Expand Energy Corporation Announces Quarterly Dividend of $0.58 (NASDAQ:EXE)

Expand Energy Corporation (NASDAQ:EXE) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.575 per share on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, May 14th.

Expand Energy Stock Up 0.7%

Shares of NASDAQ:EXE opened at $96.96 on Wednesday. The stock’s 50-day moving average price is $103.89 and its two-hundred day moving average price is $107.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy has a 12-month low of $91.01 and a 12-month high of $126.62. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of 12.86 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.07. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.42 billion. On average, research analysts forecast that Expand Energy will post 8.9 EPS for the current year.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.17% of the company’s stock.

Institutional Trading of Expand Energy

Large investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH increased its position in shares of Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after acquiring an additional 88 shares during the last quarter. Hara Capital LLC increased its position in shares of Expand Energy by 3.3% during the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in Expand Energy by 1.0% during the 3rd quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock worth $1,041,000 after purchasing an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, McGowan Group Asset Management Inc. increased its holdings in Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after purchasing an additional 105 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

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.