Gotham Asset Management LLC Buys 208,886 Shares of Expand Energy Corporation $EXE

Gotham Asset Management LLC grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 106.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 404,517 shares of the company’s stock after purchasing an additional 208,886 shares during the quarter. Gotham Asset Management LLC owned about 0.17% of Expand Energy worth $42,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after purchasing an additional 13,670 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Expand Energy by 10.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock valued at $6,211,000 after buying an additional 5,020 shares during the period. Candriam S.C.A. grew its holdings in shares of Expand Energy by 59.0% during the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after purchasing an additional 11,428 shares in the last quarter. Edgestream Partners L.P. bought a new position in Expand Energy in the 2nd quarter valued at about $3,347,000. Finally, Cibc World Market Inc. increased its stake in Expand Energy by 16.2% in the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock valued at $8,303,000 after acquiring an additional 10,919 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Expand Energy Trading Down 0.8%

NASDAQ:EXE opened at $107.02 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a market cap of $25.73 billion, a PE ratio of 14.19 and a beta of 0.47. The firm has a 50-day moving average of $105.91 and a 200-day moving average of $107.14.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.

Insider Activity

In related news, CEO Michael Wichterich bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXE. Piper Sandler boosted their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. UBS Group lowered their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Mizuho boosted their price target on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Expand Energy presently 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.