Expand Energy Corporation $EXE Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Expand Energy Corporation (NASDAQ:EXE) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,677,536 shares of the company’s stock after selling 93,118 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.16% of Expand Energy worth $244,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXE. New Mexico Educational Retirement Board boosted its position in Expand Energy by 8.3% during the second quarter. New Mexico Educational Retirement Board now owns 11,800 shares of the company’s stock worth $1,076,000 after acquiring an additional 900 shares during the last quarter. Mufg Securities Americas Inc. raised its holdings in Expand Energy by 9.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 7,206 shares of the company’s stock valued at $657,000 after acquiring an additional 616 shares during the last quarter. Van ECK Associates Corp lifted its stake in Expand Energy by 201.1% in the 2nd quarter. Van ECK Associates Corp now owns 716,674 shares of the company’s stock worth $65,354,000 after purchasing an additional 478,650 shares in the last quarter. Nissay Asset Management Corp Japan lifted its stake in Expand Energy by 5.6% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 32,326 shares of the company’s stock worth $2,948,000 after purchasing an additional 1,701 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Expand Energy by 17.7% during the 2nd quarter. Hsbc Holdings PLC now owns 1,107,812 shares of the company’s stock worth $101,089,000 after purchasing an additional 166,647 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price target on Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. UBS Group lowered their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Barclays dropped their target price 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. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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 firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the purchase, the chief executive officer directly owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

Expand Energy Stock Performance

Expand Energy stock opened at $98.16 on Tuesday. The firm has a 50 day simple moving average of $92.04 and a 200-day simple moving average of $97.08. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, analysts expect that Expand Energy Corporation will post 8.84 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is currently 19.86%.

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.