Natixis Advisors LLC Increases Holdings in Expand Energy Corporation $EXE

Natixis Advisors LLC grew its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 366,330 shares of the company’s stock after acquiring an additional 6,261 shares during the quarter. Natixis Advisors LLC’s holdings in Expand Energy were worth $40,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp increased its position 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 purchasing an additional 100 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the last quarter. Abound Wealth Management increased its position in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after purchasing an additional 267 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after purchasing an additional 199 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Expand Energy by 54.5% in the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after acquiring an additional 146 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXE. UBS Group lifted their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Stephens lifted their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Benchmark lifted their price objective on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Piper Sandler raised their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.45.

Expand Energy Stock Down 0.5%

Shares of NASDAQ EXE opened at $91.07 on Thursday. Expand Energy Corporation has a 52 week low of $90.79 and a 52 week high of $126.62. The business has a 50-day simple moving average of $99.16 and a two-hundred day simple moving average of $105.77. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market cap of $21.79 billion, a P/E ratio of 6.79 and a beta of 0.33.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Research analysts anticipate that Expand Energy Corporation will post 8.8 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, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. The trade was a 2.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Marcel Teunissen purchased 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

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.