651,788 Shares in Expand Energy Corporation $EXE Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 651,788 shares of the company’s stock, valued at approximately $59,437,000.

Several other institutional investors also recently bought and sold shares of the business. Siemens Fonds Invest GmbH increased its position in shares of Expand Energy by 6.8% in the third quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after acquiring an additional 88 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in shares of Expand Energy by 0.4% during the 4th quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after acquiring an additional 105 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Expand Energy by 25.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after acquiring an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Expand Energy by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock worth $286,000 after purchasing an additional 111 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich purchased 1,000 shares of Expand Energy stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EXE shares. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. UBS Group decreased their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Roth Capital reiterated a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, Johnson Rice downgraded Expand Energy from a “buy” rating to an “accumulate” rating and dropped their target price for the company from $135.00 to $125.00 in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $127.67.

Expand Energy Stock Performance

Shares of EXE stock opened at $96.03 on Thursday. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. 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 firm has a market capitalization of $22.23 billion, a P/E ratio of 8.29 and a beta of 0.34. The company’s fifty day moving average price is $90.60 and its two-hundred day moving average price is $97.70.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.20. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, research analysts anticipate that Expand Energy Corporation will post 8.92 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.575 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. 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.