Himension Capital Singapore PTE. LTD. Makes New Investment in Expand Energy Corporation $EXE

Himension Capital Singapore PTE. LTD. bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the first quarter, Holdings Channel reports. The fund bought 143,705 shares of the company’s stock, valued at approximately $15,776,000. Expand Energy accounts for 1.2% of Himension Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in shares of Expand Energy by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 16,029 shares of the company’s stock valued at $1,760,000 after purchasing an additional 614 shares in the last quarter. Oslo Pensjonsforsikring AS bought a new position in Expand Energy in the first quarter worth approximately $449,000. Florida Financial Advisors LLC lifted its holdings in Expand Energy by 24.5% during the first quarter. Florida Financial Advisors LLC now owns 2,689 shares of the company’s stock worth $296,000 after buying an additional 530 shares during the period. Earned Wealth Advisors LLC purchased a new stake in Expand Energy during the first quarter worth $295,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Expand Energy by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock worth $270,838,000 after buying an additional 166,407 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Insiders Place Their Bets

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased 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 of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 4,000 shares of company stock valued at $375,120 in the last three months. Insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EXE shares. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Citigroup decreased their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. UBS Group dropped their price objective on Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Finally, William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.19.

Expand Energy Trading Up 1.9%

NASDAQ:EXE opened at $88.58 on Wednesday. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62. The firm has a 50 day moving average of $90.95 and a 200 day moving average of $99.54. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 6.61 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share 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, sell-side analysts anticipate that Expand Energy Corporation will post 8.4 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed 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. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

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.