Expand Energy Corporation $EXE Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 85.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,757 shares of the company’s stock after purchasing an additional 51,584 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Expand Energy were worth $12,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXE. Capital Research Global Investors grew its holdings in shares of Expand Energy by 33.2% during the fourth quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after buying an additional 5,291,948 shares in the last quarter. State Street Corp lifted its stake in shares of Expand Energy by 8.3% during the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after buying an additional 1,014,484 shares during the period. Invesco Ltd. boosted its position in Expand Energy by 16.5% during the third quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after acquiring an additional 619,001 shares during the last quarter. Victory Capital Management Inc. boosted its position in Expand Energy by 192.0% during the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock worth $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. Finally, Morgan Stanley grew its stake in Expand Energy by 4.5% in the 4th quarter. Morgan Stanley now owns 3,183,177 shares of the company’s stock worth $351,296,000 after acquiring an additional 138,381 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the purchase, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 4,000 shares of company stock valued at $375,120 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Expand Energy Stock Performance

NASDAQ:EXE opened at $90.72 on Friday. The company has a market cap of $21.70 billion, a P/E ratio of 6.77 and a beta of 0.34. The firm’s 50 day moving average is $93.33 and its two-hundred day moving average is $101.47. Expand Energy Corporation has a fifty-two week low of $86.37 and a fifty-two week high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. Analysts expect that Expand Energy Corporation will post 8.67 EPS for the current year.

Expand Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EXE shares. UBS Group boosted their price target on Expand Energy from $133.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Truist Financial reiterated a “buy” rating and issued a $134.00 target price (up from $133.00) on shares of Expand Energy in a research note on Thursday, April 30th. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Piper Sandler increased their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Benchmark raised their price target on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Two investment 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.47.

Expand Energy Company 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.