Susquehanna Advisors Group Inc. Sells 32,056 Shares of Expand Energy Corporation $EXE

Susquehanna Advisors Group Inc. lowered its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 44.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,866 shares of the company’s stock after selling 32,056 shares during the quarter. Susquehanna Advisors Group Inc.’s holdings in Expand Energy were worth $3,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sierra Summit Advisors LLC boosted its holdings in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock valued at $8,523,000 after purchasing an additional 15,904 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Expand Energy by 16.6% in the fourth quarter. King Luther Capital Management Corp now owns 239,607 shares of the company’s stock worth $26,443,000 after purchasing an additional 34,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Expand Energy by 36,574.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares in the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Expand Energy in the second quarter worth about $3,739,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Expand Energy during the fourth quarter valued at approximately $57,153,000. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EXE shares. UBS Group cut their price target on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Citigroup lowered their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wolfe Research reissued an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. The Goldman Sachs Group raised their target price on shares of Expand Energy from $99.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Roth Capital reaffirmed a “neutral” rating and set a $93.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average target price of $126.89.

Insiders Place Their Bets

In other news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Expand Energy Price Performance

NASDAQ:EXE opened at $98.16 on Monday. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 8.48 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $91.85 and a 200-day simple moving average of $97.11. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Equities analysts forecast that Expand Energy Corporation will post 8.84 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is 19.86%.

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.