The Manufacturers Life Insurance Company Has $28.32 Million Stake in Expand Energy Corporation $EXE

The Manufacturers Life Insurance Company grew its holdings in Expand Energy Corporation (NASDAQ:EXEFree Report) by 3.8% in the 1st quarter, Holdings Channel reports. The fund owned 257,935 shares of the company’s stock after purchasing an additional 9,477 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Expand Energy were worth $28,317,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Siemens Fonds Invest GmbH lifted its holdings in shares of Expand Energy by 6.8% during the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after purchasing an additional 88 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. McGowan Group Asset Management Inc. increased its stake in Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after purchasing an additional 105 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Expand Energy by 25.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after purchasing an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Expand Energy by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock worth $286,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $94.03 on Friday. The company has a quick ratio of 1.11, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The stock has a market capitalization of $21.77 billion, a P/E ratio of 8.12 and a beta of 0.34. The company has a 50 day moving average of $89.98 and a 200-day moving average of $98.77.

Expand Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. As a group, equities research analysts forecast that Expand Energy Corporation will post 8.66 EPS for the current fiscal year.

Expand Energy Announces Dividend

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

Key Expand Energy News

Here are the key news stories impacting Expand Energy this week:

Analysts Set New Price Targets

EXE has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Wolfe Research reaffirmed an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a research report on Wednesday. UBS Group dropped their price target on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Truist Financial boosted their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.00.

Check Out Our Latest Stock Analysis on EXE

Insider Activity

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 4,000 shares of company stock worth $375,120 over the last three months. Insiders own 0.22% of the company’s stock.

About Expand Energy

(Free Report)

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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Institutional Ownership by Quarter for Expand Energy (NASDAQ:EXE)

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