Expand Energy Corporation $EXE Stock Position Lifted by Candriam S.C.A.

Candriam S.C.A. grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,294 shares of the company’s stock after acquiring an additional 7,724 shares during the period. Candriam S.C.A.’s holdings in Expand Energy were worth $3,875,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EXE. Atlantic Union Bankshares Corp grew its stake in Expand Energy by 74.6% in 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 in the last quarter. Rakuten Securities Inc. raised its stake in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Expand Energy during the 4th quarter worth about $30,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Expand Energy during the 1st quarter valued at about $32,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $96.43 per share, with a total value of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have acquired 4,000 shares of company stock valued at $375,120. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $87.10 on Tuesday. The business has a 50 day moving average price of $92.07 and a 200 day moving average price of $100.49. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 6.50 and a beta of 0.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. Research analysts predict that Expand Energy Corporation will post 8.52 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio is 17.15%.

Analyst Ratings Changes

Several equities research analysts recently commented on EXE shares. Citigroup lowered their price target on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial decreased their target price on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a research report on Friday. Barclays lowered shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, UBS Group reduced their price objective on shares of Expand Energy from $135.00 to $127.00 and set a “buy” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $129.78.

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.