Nomura Asset Management Co. Ltd. Purchases 6,166 Shares of Expand Energy Corporation $EXE

Nomura Asset Management Co. Ltd. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,852 shares of the company’s stock after purchasing an additional 6,166 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Expand Energy were worth $9,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in EXE. Capital Research Global Investors increased its stake in shares of Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after purchasing an additional 9,856,576 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after purchasing an additional 2,414,311 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Expand Energy by 862.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock worth $133,542,000 after purchasing an additional 1,126,363 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of Expand Energy during the third quarter worth approximately $115,504,000. Finally, State Street Corp increased its stake in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after acquiring an additional 1,014,484 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 0.5%

Shares of EXE stock opened at $91.07 on Thursday. The stock’s fifty day moving average price is $99.16 and its two-hundred day moving average price is $105.77. The company has a market cap of $21.79 billion, a PE ratio of 6.79 and a beta of 0.33. Expand Energy Corporation has a fifty-two week low of $90.79 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Equities analysts predict that Expand Energy Corporation will post 8.8 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insiders Place Their Bets

In other news, CEO Michael Wichterich acquired 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 acquisition, the chief executive officer directly owned 83,498 shares in the company, valued at $8,976,035. The trade was a 2.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. This represents a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EXE. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Morgan Stanley lowered their price objective on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. Barclays lowered Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Piper Sandler raised their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Stephens raised their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.45.

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.