7,654 Shares in Expand Energy Corporation $EXE Bought by Capital International Sarl

Capital International Sarl purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,654 shares of the company’s stock, valued at approximately $845,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Siemens Fonds Invest GmbH increased its stake in Expand Energy by 6.8% during the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after purchasing an additional 88 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in Expand Energy by 1.0% during the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after purchasing an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. McGowan Group Asset Management Inc. increased its stake in Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after purchasing an additional 105 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in Expand Energy by 5.2% during the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

EXE has been the subject of several recent research reports. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group boosted their target price on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.45.

Expand Energy Stock Performance

Shares of EXE opened at $90.42 on Tuesday. Expand Energy Corporation has a 1 year low of $90.31 and a 1 year high of $126.62. The company has a market cap of $21.63 billion, a price-to-earnings ratio of 6.74 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average of $97.98 and a 200-day moving average of $105.24.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities analysts anticipate that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

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

Insider Buying and Selling at Expand Energy

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