TD Waterhouse Canada Inc. cut its position in shares of Expand Energy Corporation (NASDAQ:EXE – Free Report) by 86.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,472 shares of the company’s stock after selling 22,595 shares during the period. TD Waterhouse Canada Inc.’s holdings in Expand Energy were worth $311,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Expand Energy during the 2nd quarter worth approximately $1,778,004,000. Capital Research Global Investors grew its position in Expand Energy by 33.2% in the fourth quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after acquiring an additional 5,291,948 shares during the period. Bank of New York Mellon Corp purchased a new position in Expand Energy in the second quarter worth approximately $267,109,000. Northwestern Mutual Wealth Management Co. increased its stake in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Expand Energy by 192.0% during the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.
Expand Energy Stock Down 2.1%
NASDAQ:EXE opened at $94.83 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $93.58 and its two-hundred day moving average is $96.76. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 8.19 and a beta of 0.34.
Expand Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is 19.86%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Stifel Nicolaus started coverage on Expand Energy in a research report on Wednesday. They issued a “buy” rating and a $135.00 target price on the stock. Barclays cut their price objective on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Truist Financial boosted their price objective on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, July 30th. The Goldman Sachs Group upped their target price on shares of Expand Energy from $99.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Finally, Benchmark lowered their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Expand Energy has an average rating of “Moderate Buy” and a consensus price target of $127.16.
Get Our Latest Analysis on Expand Energy
Expand Energy Company Profile
Expand Energy Corporation (NASDAQ: EXE) is an independent energy company focused on the exploration, development and production of natural gas, oil and natural gas liquids in the United States. The company’s operations are concentrated in major U.S. shale basins, including the Marcellus and Haynesville formations, and its products support domestic electricity generation, industrial activity and liquefied natural gas exports.
Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company.
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