Mackenzie Financial Corp Has $50.01 Million Stock Holdings in Expand Energy Corporation $EXE

Mackenzie Financial Corp raised its position in Expand Energy Corporation (NASDAQ:EXE) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 470,701 shares of the company’s stock after buying an additional 17,432 shares during the quarter. Mackenzie Financial Corp’s holdings in Expand Energy were worth $50,007,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Expand Energy by 2.4% during the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock valued at $2,965,510,000 after acquiring an additional 646,330 shares during the period. Capital Research Global Investors boosted its holdings in Expand Energy by 161.5% in the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after acquiring an additional 9,856,576 shares during the last quarter. Geode Capital Management LLC increased its position in Expand Energy by 3.0% in the second quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock worth $677,029,000 after purchasing an additional 170,222 shares during the period. Massachusetts Financial Services Co. MA increased its position in Expand Energy by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after purchasing an additional 740,502 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in 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 worth $329,646,000 after purchasing an additional 157,363 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Price Performance

Shares of EXE opened at $107.83 on Friday. The stock has a market cap of $25.92 billion, a P/E ratio of 14.30 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 stock’s 50-day moving average price is $105.96 and its two-hundred day moving average price is $106.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

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

Insider Buying and Selling

In other news, CEO Michael Wichterich bought 2,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This trade represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EXE shares. TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho boosted their price target on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Barclays cut their price objective on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. UBS Group reduced their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Sanford C. Bernstein lowered their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $131.17.

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.