Teacher Retirement System of Texas Has $3.72 Million Stock Holdings in Expand Energy Corporation $EXE

Teacher Retirement System of Texas grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 4.6% in the second quarter, HoldingsChannel.com reports. The fund owned 31,771 shares of the company’s stock after acquiring an additional 1,399 shares during the quarter. Teacher Retirement System of Texas’ holdings in Expand Energy were worth $3,715,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Expand Energy during the 1st quarter worth $3,757,000. Wedbush Securities Inc. bought a new position in Expand Energy in the first quarter valued at about $210,000. Allspring Global Investments Holdings LLC acquired a new position in Expand Energy during the first quarter worth about $1,077,000. Inspire Investing LLC acquired a new position in Expand Energy during the first quarter worth about $312,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Expand Energy in the first quarter worth about $215,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Buying and Selling

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

Expand Energy Price Performance

EXE stock opened at $103.31 on Friday. The company has a market capitalization of $24.61 billion, a P/E ratio of 29.35 and a beta of 0.47. The company has a fifty day moving average price of $101.13 and a 200-day moving average price of $105.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.78 and a current ratio of 0.81. Expand Energy Corporation has a 52-week low of $83.10 and a 52-week high of $123.35.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. As a group, equities analysts expect that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXE. Morgan Stanley upped their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Expand Energy in a research note on Wednesday, October 8th. Bernstein Bank lowered their price target on shares of Expand Energy from $150.00 to $146.00 in a report on Monday, July 7th. Wells Fargo & Company raised Expand Energy to a “hold” rating in a report on Thursday, October 16th. Finally, Siebert Williams Shank reduced their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.24.

About Expand Energy

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.