Chevy Chase Trust Holdings LLC Increases Holdings in Expand Energy Corporation $EXE

Chevy Chase Trust Holdings LLC grew its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,387 shares of the company’s stock after purchasing an additional 4,095 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Expand Energy were worth $13,376,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Uncommon Cents Investing LLC increased its position in shares of Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares during the last quarter. Essex Savings Bank grew its stake in shares of Expand Energy by 5.3% during the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after acquiring an additional 121 shares during the period. Signaturefd LLC grew its stake in shares of Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after acquiring an additional 134 shares during the period. US Bancorp DE grew its stake in shares of Expand Energy by 1.0% during the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after acquiring an additional 162 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in shares of Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after acquiring an additional 170 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut their price target on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Siebert Williams Shank cut their price target on Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Piper Sandler cut their price target on Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Bernstein Bank cut their price target on Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Finally, UBS Group cut their price target on Expand Energy from $132.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.62.

Expand Energy Stock Up 2.2%

EXE stock opened at $100.78 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $24.00 billion, a PE ratio of 258.42 and a beta of 0.47. Expand Energy Corporation has a twelve month low of $82.69 and a twelve month high of $123.35. The stock has a 50-day simple moving average of $99.45 and a two-hundred day simple moving average of $105.72.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. On average, equities analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is 589.74%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was purchased at an average price of $95.86 per share, for a total transaction of $239,650.00. Following the transaction, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Joshua J. Viets purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer owned 61,676 shares in the company, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

Expand Energy 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.