CSM Advisors LLC Takes $20.10 Million Position in Expand Energy Corporation $EXE

CSM Advisors LLC acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 189,187 shares of the company’s stock, valued at approximately $20,103,000.

Other large investors also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC raised its position in Expand Energy by 6.3% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 121,538 shares of the company’s stock worth $12,912,000 after buying an additional 7,151 shares during the last quarter. Cinctive Capital Management LP boosted its holdings in shares of Expand Energy by 256.2% during the 3rd quarter. Cinctive Capital Management LP now owns 240,164 shares of the company’s stock valued at $25,515,000 after acquiring an additional 172,734 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Expand Energy by 52.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,967 shares of the company’s stock valued at $903,000 after acquiring an additional 3,093 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Expand Energy by 5.8% in the third quarter. California Public Employees Retirement System now owns 410,627 shares of the company’s stock worth $43,625,000 after acquiring an additional 22,526 shares during the period. Finally, Boothbay Fund Management LLC grew its stake in shares of Expand Energy by 286.5% in the third quarter. Boothbay Fund Management LLC now owns 17,932 shares of the company’s stock worth $1,905,000 after acquiring an additional 13,293 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by company insiders.

Expand Energy Stock Performance

EXE opened at $107.02 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $25.73 billion, a price-to-earnings ratio of 14.19 and a beta of 0.47. The company’s 50 day moving average is $105.91 and its 200 day moving average is $107.05. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. Expand Energy’s payout ratio is presently 30.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXE. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Sanford C. Bernstein cut their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. 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. Wells Fargo & Company set a $123.00 price target on Expand Energy in a report on Monday, February 23rd. Finally, Citigroup lifted their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Expand Energy has a consensus rating of “Buy” and an average target price of $131.17.

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.