Moran Wealth Management LLC Acquires 9,927 Shares of Expand Energy Corporation $EXE

Moran Wealth Management LLC raised its position in Expand Energy Corporation (NASDAQ:EXE) by 89.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,032 shares of the company’s stock after acquiring an additional 9,927 shares during the quarter. Moran Wealth Management LLC’s holdings in Expand Energy were worth $2,321,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new stake in shares of Expand Energy during the 3rd quarter worth about $32,000. Abound Wealth Management lifted its stake in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Expand Energy by 54.5% during the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after buying an additional 146 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Expand Energy during the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EXE shares. Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. UBS Group dropped their price objective on shares of Expand Energy from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Monday, April 13th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research note on Monday, February 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Expand Energy in a research note on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.95.

Expand Energy Stock Performance

EXE opened at $95.82 on Monday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 12.71 and a beta of 0.47. The company’s 50 day moving average price is $104.92 and its two-hundred day moving average price is $108.07.

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

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, March 5th. Expand Energy’s payout ratio is presently 30.50%.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by insiders.

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.