Swiss National Bank Has $69.23 Million Stock Position in Expand Energy Corporation $EXE

Swiss National Bank boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 651,656 shares of the company’s stock after purchasing an additional 17,700 shares during the quarter. Swiss National Bank owned about 0.27% of Expand Energy worth $69,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy during the first quarter worth approximately $208,000. Focus Partners Wealth acquired a new position in Expand Energy in the first quarter valued at approximately $205,000. Geneos Wealth Management Inc. bought a new position in Expand Energy in the first quarter valued at approximately $79,000. Finally, Assetmark Inc. boosted its stake in Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after acquiring an additional 184 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $108.58 on Thursday. The stock’s fifty day simple moving average is $106.01 and its 200 day simple moving average 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. The company has a market capitalization of $26.10 billion, a PE ratio of 14.40 and a beta of 0.47. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm 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, research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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

Insider Transactions at Expand Energy

In related news, CEO Michael Wichterich bought 2,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EXE shares. UBS Group dropped their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Sanford C. Bernstein dropped their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Jefferies Financial Group restated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Wells Fargo & Company set a $123.00 target price on Expand Energy in a research report on Monday, February 23rd. Finally, TD Cowen raised Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $130.38.

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.