UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Makes New $341.71 Million Investment in Expand Energy Corporation $EXE

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,069,603 shares of the company’s stock, valued at approximately $341,708,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 1.29% of Expand Energy at the end of the most recent reporting period.

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

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $96.47 on Thursday. The company has a market cap of $22.97 billion, a PE ratio of 247.37 and a beta of 0.46. Expand Energy Corporation has a 52 week low of $69.96 and a 52 week high of $123.35. The business has a 50 day moving average price of $99.94 and a 200-day moving average price of $106.10. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29.

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

Expand Energy Dividend Announcement

The firm also recently declared 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. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is presently 589.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EXE shares. Capital One Financial lowered their target price on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. Bernstein Bank decreased their price target on Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Wolfe Research cut their price objective on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Wells Fargo & Company cut their price objective on Expand Energy from $121.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $135.00 target price on Expand Energy and gave the stock a “buy” rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $127.12.

Insider Buying and Selling

In other Expand Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was bought 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 owned 166,715 shares of the company’s stock, valued at $15,981,299.90. The trade was a 1.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joshua J. Viets purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the transaction, the chief operating officer directly owned 61,676 shares of the company’s stock, valued at $5,684,060.16. The trade was a 3.35% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.19% of the company’s stock.

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.