Miller Global Investments LLC Invests $559,000 in Expand Energy Corporation $EXE

Miller Global Investments LLC purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,064 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Expand Energy by 2.4% during the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after buying an additional 646,330 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Expand Energy by 161.5% in the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after acquiring an additional 9,856,576 shares during the last quarter. State Street Corp raised its holdings in shares of 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. Invesco Ltd. raised its holdings in shares of Expand Energy by 16.5% during the 3rd 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 period. Finally, 1832 Asset Management L.P. boosted its position in shares of Expand Energy by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock valued at $329,646,000 after acquiring an additional 157,363 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $107.95 on Friday. The firm has a 50-day simple moving average of $105.99 and a two-hundred day simple moving average of $107.27. The stock has a market cap of $25.95 billion, a PE ratio of 14.32 and a beta of 0.47. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. Expand Energy’s payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Piper Sandler upped 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Barclays increased their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Finally, TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $131.27.

Insider Activity

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 purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. This represents a 2.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.

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.