TD Waterhouse Canada Inc. Purchases 10,013 Shares of Expand Energy Corporation $EXE

TD Waterhouse Canada Inc. grew its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 278.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,610 shares of the company’s stock after acquiring an additional 10,013 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Expand Energy were worth $1,502,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Fortis Capital Advisors LLC bought a new stake in Expand Energy in the fourth quarter worth $863,000. Tokio Marine Asset Management Co. Ltd. lifted its position in Expand Energy by 4.9% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,797 shares of the company’s stock worth $1,081,000 after buying an additional 454 shares during the last quarter. Oak Harvest Investment Services lifted its position in Expand Energy by 2,736.6% in the fourth quarter. Oak Harvest Investment Services now owns 72,219 shares of the company’s stock worth $7,970,000 after buying an additional 69,673 shares during the last quarter. Moran Wealth Management LLC lifted its position in Expand Energy by 89.4% in the fourth quarter. Moran Wealth Management LLC now owns 21,032 shares of the company’s stock worth $2,321,000 after buying an additional 9,927 shares during the last quarter. Finally, SMART Wealth LLC bought a new stake in Expand Energy in the fourth quarter worth $344,000. 97.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXE has been the subject of a number of analyst reports. UBS Group lowered their price target on Expand Energy from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Barclays raised their price target on Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Stephens raised their price target on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Sanford C. Bernstein lowered their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.95.

Expand Energy Stock Performance

EXE stock opened at $96.30 on Friday. 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 business’s fifty day simple moving average is $104.32 and its two-hundred day simple moving average is $107.72. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 12.77 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last released 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. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Analysts predict that Expand Energy Corporation will post 8.9 earnings per share for the current year.

Expand Energy Dividend Announcement

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

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by insiders.

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.