West Family Investments Inc. Invests $574,000 in Expand Energy Corporation $EXE

Key Points

• West Family Investments purchased 56,290 Expand Energy shares worth approximately $574,000 in the second quarter. Institutional investors collectively own 97.93% of the company.
• CEO Michael Wichterich bought 1,000 shares for $88,900, increasing his direct ownership by 1.18%; insiders overall own 0.22% of the stock.
• Analysts maintain a generally positive outlook, with Expand Energy carrying a “Moderate Buy” consensus rating and an average price target of $127.67. The company also reported quarterly EPS of $1.33, beating estimates, and declared a $0.575 quarterly dividend.

West Family Investments Inc. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,290 shares of the company's stock, valued at approximately $574,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXE. Atlantic Union Bankshares Corp raised its stake in Expand Energy by 74.6% during the fourth 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 period. Rakuten Securities Inc. grew its stake in Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company's stock valued at $27,000 after purchasing an additional 193 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy in the 4th quarter worth about $30,000. Finally, Ascentis Independent Advisors bought a new stake in Expand Energy in the first quarter valued at about $32,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares of the company's stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company's stock.

Analyst Upgrades and Downgrades

EXE has been the topic of several research analyst reports. Weiss Ratings cut shares of Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Wolfe Research restated an "outperform" rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Johnson Rice cut Expand Energy from a "buy" rating to an "accumulate" rating and cut their price target for the company from $135.00 to $125.00 in a report on Monday. Roth Capital reissued a "neutral" rating and issued a $93.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Finally, William Blair downgraded shares of Expand Energy from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $127.67.

Expand Energy Stock Performance

Shares of EXE stock opened at $96.03 on Thursday. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 8.29 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The business's 50-day moving average price is $90.60 and its 200-day moving average price is $97.70. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The business had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.05 billion. Equities research analysts forecast that Expand Energy Corporation will post 8.92 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is 19.86%.

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.

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