Expand Energy Corporation $EXE Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 930.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 103,600 shares of the company’s stock after buying an additional 93,548 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Expand Energy were worth $11,373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Siemens Fonds Invest GmbH raised its position in shares of Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock worth $147,000 after buying an additional 88 shares during the period. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. McGowan Group Asset Management Inc. increased its stake in Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock worth $2,657,000 after acquiring an additional 105 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Expand Energy by 25.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock worth $61,000 after acquiring an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Expand Energy by 4.5% in 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 institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXE. UBS Group reduced their price objective on Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Morgan Stanley cut their price target on shares of Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Truist Financial reduced their price target on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Finally, KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.19.

Insiders Place Their Bets

In other news, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction on 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 acquisition, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was purchased at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 4,000 shares of company stock valued at $375,120. Company insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

EXE stock opened at $88.52 on Wednesday. The firm has a market cap of $21.18 billion, a P/E ratio of 6.60 and a beta of 0.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62. The stock has a 50-day simple moving average of $90.29 and a 200-day simple moving average of $98.95.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. On average, equities analysts predict that Expand Energy Corporation will post 8.41 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 2.6%. Expand Energy’s dividend payout ratio is 17.15%.

Trending Headlines about Expand Energy

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Second-quarter earnings beat expectations. Expand Energy reported adjusted earnings of $1.33 per share, above consensus estimates ranging from $1.13 to $1.22 and up from $1.10 a year earlier. Expand Energy Q2 Earnings Beat Estimates
• Positive Sentiment: Twin Eagle acquisition offers growth and integration benefits. EXE agreed to acquire privately held natural-gas marketer Twin Eagle for $1.25 billion. Management expects the deal to contribute more than $200 million in annual EBITDA initially and generate $150 million in annual synergies by the end of 2028, expanding Expand Energy’s reach across major U.S. and Canadian demand markets. Expand Energy to Acquire Twin Eagle
• Neutral Sentiment: The deal shifts EXE toward an integrated natural-gas model. Combining North America’s largest gas producer with a marketing and optimization platform could improve value capture and diversify earnings, but investors will likely monitor transaction funding, closing conditions and the pace of synergy realization. Expand Energy to Acquire Twin Eagle in $1.25 Billion Deal
• Negative Sentiment: Revenue missed forecasts. Quarterly revenue was $2.96 billion, below analysts’ $3.05 billion estimate. The revenue shortfall may be overshadowing the EPS beat, particularly as pre-earnings coverage cited downward estimate revisions. Expand Energy Earnings Results

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.