Expand Energy Corporation $EXE Stake Lessened by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 29.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 803,009 shares of the company’s stock after selling 338,193 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.34% of Expand Energy worth $93,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. purchased a new stake in shares of Expand Energy during the first quarter worth $27,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy during the first quarter worth $27,000. First Horizon Advisors Inc. purchased a new stake in shares of Expand Energy during the first quarter worth $28,000. Quarry LP purchased a new stake in shares of Expand Energy during the first quarter worth $28,000. Finally, Cheviot Value Management LLC acquired a new position in Expand Energy during the first quarter worth $29,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Trading Down 0.4%

Shares of NASDAQ:EXE opened at $107.44 on Friday. The company has a market cap of $25.59 billion, a P/E ratio of 275.49 and a beta of 0.47. The stock’s 50-day moving average is $98.89 and its 200-day moving average is $106.22. Expand Energy Corporation has a 52-week low of $82.69 and a 52-week high of $123.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78.

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

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is 589.74%.

Analysts Set New Price Targets

Several equities analysts have commented on EXE shares. Roth Capital downgraded shares of Expand Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Mizuho set a $136.00 target price on shares of Expand Energy in a research report on Monday, September 15th. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research report on Wednesday, August 13th. Jefferies Financial Group lowered their target price on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group lowered their target price on shares of Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.54.

Insider Transactions at Expand Energy

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the transaction, the chief executive officer directly owned 166,715 shares in the company, valued at $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joshua J. Viets bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the completion of the transaction, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. This represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

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.