Pacer Advisors Inc. Purchases 804,525 Shares of Expand Energy Corporation $EXE

Pacer Advisors Inc. boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 4,719.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 821,571 shares of the company’s stock after buying an additional 804,525 shares during the period. Pacer Advisors Inc.’s holdings in Expand Energy were worth $87,284,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC raised its holdings in shares of Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after acquiring an additional 110 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after purchasing an additional 112 shares during the last quarter. Essex Savings Bank increased its position in Expand Energy by 5.3% in the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after purchasing an additional 121 shares during the last quarter. Signaturefd LLC raised its stake in Expand Energy by 5.6% during the second quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after purchasing an additional 134 shares in the last quarter. Finally, Florida Financial Advisors LLC lifted its position in Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Down 1.6%

NASDAQ:EXE opened at $109.39 on Friday. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 31.08 and a beta of 0.45. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $112.39 and a 200 day moving average of $106.94.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s payout ratio is currently 65.34%.

Analyst Ratings Changes

EXE has been the topic of several recent research reports. Citigroup upped their target price on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price target (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. William Blair initiated coverage on shares of Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating for the company. KeyCorp lowered their target price on Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.44.

About Expand Energy

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.