TD Asset Management Inc Has $142.92 Million Stock Holdings in Expand Energy Corporation $EXE

TD Asset Management Inc raised its stake in Expand Energy Corporation (NASDAQ:EXE) by 263.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,294,999 shares of the company’s stock after buying an additional 938,337 shares during the quarter. TD Asset Management Inc’s holdings in Expand Energy were worth $142,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares in the last quarter. Abound Wealth Management raised its holdings in Expand Energy by 890.0% in the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after acquiring an additional 267 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Expand Energy by 85.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after acquiring an additional 199 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Expand Energy by 54.5% in the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after acquiring an additional 146 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. Wells Fargo & Company set a $123.00 price objective on Expand Energy in a report on Monday, February 23rd. Benchmark boosted their price target on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Piper Sandler boosted their price target on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, TD Cowen raised Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Insiders Place Their Bets

In other news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction that occurred on Thursday, June 4th. The shares were acquired at an average price of $93.36 per share, for a total transaction of $93,360.00. Following the transaction, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at approximately $7,888,733.28. The trade was a 1.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of Expand Energy stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

Expand Energy stock opened at $93.40 on Friday. 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 Corporation has a 52 week low of $90.79 and a 52 week high of $126.62. The stock has a market capitalization of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33. The stock has a fifty day moving average of $98.83 and a 200-day moving average of $105.60.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, sell-side analysts expect that Expand Energy Corporation will post 8.8 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. Expand Energy’s payout ratio is currently 17.15%.

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.