SteelPeak Wealth LLC Has $463,000 Stock Holdings in Expand Energy Corporation $EXE

SteelPeak Wealth LLC lowered its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 61.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,191 shares of the company’s stock after selling 6,791 shares during the period. SteelPeak Wealth LLC’s holdings in Expand Energy were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Wealth Management increased its position in Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares in the last quarter. ESL Trust Services LLC bought a new position in Expand Energy in the third quarter worth approximately $32,000. Smartleaf Asset Management LLC boosted its holdings in Expand Energy by 85.0% in the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after acquiring an additional 199 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Expand Energy in the third quarter valued at approximately $47,000. Finally, CX Institutional bought a new stake in shares of Expand Energy during the third quarter valued at approximately $52,000. Institutional investors own 97.93% of the company’s stock.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich purchased 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXE. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Sanford C. Bernstein lowered their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a report on Thursday. Finally, Citigroup boosted their target price on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Expand Energy currently has a consensus rating of “Buy” and an average price target of $131.48.

Expand Energy Stock Performance

EXE stock opened at $103.89 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market cap of $24.98 billion, a PE ratio of 13.78 and a beta of 0.47. The business has a 50 day moving average of $107.13 and a 200-day moving average of $108.38. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. As a group, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, March 5th. Expand Energy’s payout ratio is 30.50%.

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.