Susquehanna Advisors Group Inc. Trims Stock Holdings in Expand Energy Corporation $EXE

Susquehanna Advisors Group Inc. reduced its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 44.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 39,866 shares of the company’s stock after selling 32,056 shares during the period. Susquehanna Advisors Group Inc.’s holdings in Expand Energy were worth $3,635,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Atlantic Union Bankshares Corp grew its position in 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 acquiring an additional 100 shares during the last quarter. Eastern Bank purchased a new stake in shares of Expand Energy during the second quarter valued at $27,000. SJS Investment Consulting Inc. boosted its stake in shares of Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in shares of Expand Energy in the fourth quarter worth about $30,000. Finally, Ascentis Independent Advisors bought a new position in shares of Expand Energy in the first quarter worth about $32,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Roth Capital restated a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Morgan Stanley reduced their target price on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Wolfe Research reaffirmed an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Barclays lowered their price target on Expand Energy from $110.00 to $107.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $126.89.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $98.16 on Monday. The firm has a market cap of $22.72 billion, a P/E ratio of 8.48 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. The stock’s fifty day moving average price is $91.85 and its 200-day moving average price is $97.11.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share 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 company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. On average, equities research analysts expect that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

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 issued a $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. Expand Energy’s payout ratio is currently 19.86%.

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.