OMERS ADMINISTRATION Corp bought a new stake in Expand Energy Corporation (NASDAQ:EXE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,372 shares of the company’s stock, valued at approximately $1,311,000.
Several other hedge funds have also made changes to their positions in EXE. Atlantic Union Bankshares Corp increased its holdings in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Eastern Bank acquired a new position in Expand Energy in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. grew its position in Expand Energy by 379.6% in the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after acquiring an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Expand Energy in the fourth quarter worth approximately $30,000. Finally, Ascentis Independent Advisors acquired a new stake in Expand Energy during the first quarter worth $32,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.
Expand Energy Trading Up 2.0%
Shares of NASDAQ EXE opened at $96.57 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $22.36 billion, a PE ratio of 8.34 and a beta of 0.34. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The stock has a fifty day simple moving average of $91.40 and a 200-day simple moving average of $97.23.
Expand Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s dividend payout ratio is currently 19.86%.
Insider Activity at Expand Energy
In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
EXE has been the topic of a number of research analyst reports. Wolfe Research restated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Truist Financial raised their price objective on Expand Energy from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group decreased their target price on shares of Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Morgan Stanley lowered their target price on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.89.
View Our Latest Stock Report on EXE
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.
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