514,911 Shares in Expand Energy Corporation $EXE Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 514,911 shares of the company’s stock, valued at approximately $57,153,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Expand Energy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after purchasing an additional 646,330 shares during the last quarter. Capital Research Global Investors lifted its holdings in 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 purchasing an additional 9,856,576 shares during the last quarter. State Street Corp lifted its holdings in Expand Energy by 8.3% in the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after purchasing an additional 1,014,484 shares during the last quarter. Invesco Ltd. lifted its holdings in Expand Energy by 16.5% in the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after purchasing an additional 619,001 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Expand Energy by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,279,315 shares of the company’s stock worth $242,166,000 after buying an additional 10,597 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on EXE. Truist Financial reiterated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Weiss Ratings upgraded Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Stephens upped their price target on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Morgan Stanley reiterated an “overweight” rating on shares of Expand Energy in a report on Friday, March 27th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.09.

Expand Energy Stock Down 0.8%

Shares of EXE stock opened at $95.65 on Thursday. The firm has a market cap of $22.88 billion, a PE ratio of 7.13 and a beta of 0.36. 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 Corporation has a 12 month low of $91.01 and a 12 month high of $126.62. The stock has a 50 day moving average of $102.60 and a 200-day moving average of $107.20.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, equities analysts predict that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, May 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. Expand Energy’s payout ratio is currently 17.15%.

Insider Buying and Selling

In other news, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marcel Teunissen acquired 2,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.22% 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.