Altshuler Shaham Ltd Purchases 125,094 Shares of Expand Energy Corporation $EXE

Altshuler Shaham Ltd lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,716,853 shares of the company’s stock after acquiring an additional 125,094 shares during the quarter. Expand Energy accounts for 2.8% of Altshuler Shaham Ltd’s portfolio, making the stock its 11th largest position. Altshuler Shaham Ltd’s holdings in Expand Energy were worth $189,472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXE. Capital Research Global Investors lifted its holdings in Expand Energy by 161.5% during the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after buying an additional 9,856,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock valued at $267,172,000 after buying an additional 2,414,311 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Expand Energy by 192.0% during the 4th quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock valued at $362,683,000 after buying an additional 2,160,979 shares in the last quarter. Dragoneer Investment Group LLC bought a new stake in Expand Energy during the 4th quarter valued at about $145,633,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Expand Energy by 862.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock valued at $133,542,000 after buying an additional 1,126,363 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Insider Activity

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of Expand Energy stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price 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 trade represents a 28.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% of the company’s stock.

Expand Energy Trading Down 1.0%

NASDAQ:EXE opened at $87.46 on Thursday. Expand Energy Corporation has a one year low of $86.80 and a one year 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. The firm has a market cap of $20.92 billion, a P/E ratio of 6.52 and a beta of 0.33. The firm has a 50-day simple moving average of $95.28 and a 200-day simple moving average of $103.83.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS 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 business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Equities analysts anticipate that Expand Energy Corporation will post 8.87 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. Expand Energy’s payout ratio is currently 17.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. UBS Group lifted their price objective on shares of Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. William Blair lowered shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Truist Financial reiterated a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Finally, Piper Sandler lifted their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.