Strs Ohio Increases Stock Holdings in Expand Energy Corporation $EXE

Strs Ohio lifted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 31.1% during the second quarter, Holdings Channel reports. The institutional investor owned 211,232 shares of the company’s stock after purchasing an additional 50,159 shares during the quarter. Strs Ohio’s holdings in Expand Energy were worth $24,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $701,831,000. Wellington Management Group LLP purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $624,083,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Expand Energy in the first quarter valued at approximately $518,328,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, with a total value of $184,320.00. Following the completion of the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at $5,684,060.16. The trade was a 3.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was bought at an average cost of $95.86 per share, with a total value of $239,650.00. Following the completion of the acquisition, the chief executive officer owned 166,715 shares of the company’s stock, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

EXE has been the topic of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Expand Energy in a report on Wednesday, October 8th. Siebert Williams Shank reduced their price objective on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. Finally, Mizuho set a $136.00 price objective on Expand Energy in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.24.

Expand Energy Stock Performance

Shares of EXE stock opened at $103.31 on Friday. The stock has a fifty day moving average price of $101.13 and a 200 day moving average price of $105.83. The stock has a market cap of $24.61 billion, a PE ratio of 29.35 and a beta of 0.47. Expand Energy Corporation has a 1 year low of $83.10 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.78 and a current ratio of 0.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Sell-side analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 13th. Expand Energy’s payout ratio is 65.34%.

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.