Capital International Sarl Purchases Shares of 7,654 Expand Energy Corporation $EXE

Capital International Sarl purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,654 shares of the company’s stock, valued at approximately $845,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC lifted its position in Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock valued at $3,908,000 after buying an additional 30,790 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $267,172,000 after buying an additional 2,414,311 shares in the last quarter. Sierra Summit Advisors LLC lifted its position in Expand Energy by 25.9% during the fourth quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after buying an additional 15,904 shares in the last quarter. Candriam S.C.A. lifted its position in Expand Energy by 59.0% during the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after buying an additional 11,428 shares in the last quarter. Finally, CSM Advisors LLC acquired a new position in Expand Energy during the third quarter valued at approximately $20,103,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Down 1.8%

NASDAQ EXE opened at $90.42 on Tuesday. The company’s fifty day simple moving average is $97.98 and its 200-day simple moving average is $105.24. Expand Energy Corporation has a 52 week low of $90.31 and a 52 week high of $126.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $21.63 billion, a P/E ratio of 6.74 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Equities research analysts predict that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, May 14th. Expand Energy’s payout ratio is 17.15%.

Wall Street Analysts Forecast Growth

EXE has been the topic of a number of recent research reports. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research report on Monday, February 23rd. Benchmark boosted their target price on shares of Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Truist Financial reissued a “buy” rating and set a $134.00 target price (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Insiders Place Their Bets

In related news, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $93.36 per share, with a total value of $93,360.00. Following the purchase, the chief executive officer owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. The trade was a 1.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.22% of the stock is currently owned by 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.