Maverick Capital Ltd. Buys New Position in Expand Energy Corporation $EXE

Maverick Capital Ltd. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the first quarter, HoldingsChannel reports. The institutional investor bought 11,017 shares of the company’s stock, valued at approximately $1,209,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atlantic Union Bankshares Corp boosted 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 in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 193 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Expand Energy during the fourth quarter valued at approximately $30,000. Finally, Ascentis Independent Advisors acquired a new stake in Expand Energy during the first quarter valued at approximately $32,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Expand Energy

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Second-quarter earnings beat expectations. Expand Energy reported adjusted earnings of $1.33 per share, above consensus estimates ranging from $1.13 to $1.22 and up from $1.10 a year earlier. Expand Energy Q2 Earnings Beat Estimates
• Positive Sentiment: Twin Eagle acquisition offers growth and integration benefits. EXE agreed to acquire privately held natural-gas marketer Twin Eagle for $1.25 billion. Management expects the deal to contribute more than $200 million in annual EBITDA initially and generate $150 million in annual synergies by the end of 2028, expanding Expand Energy’s reach across major U.S. and Canadian demand markets. Expand Energy to Acquire Twin Eagle
• Neutral Sentiment: The deal shifts EXE toward an integrated natural-gas model. Combining North America’s largest gas producer with a marketing and optimization platform could improve value capture and diversify earnings, but investors will likely monitor transaction funding, closing conditions and the pace of synergy realization. Expand Energy to Acquire Twin Eagle in $1.25 Billion Deal
• Negative Sentiment: Revenue missed forecasts. Quarterly revenue was $2.96 billion, below analysts’ $3.05 billion estimate. The revenue shortfall may be overshadowing the EPS beat, particularly as pre-earnings coverage cited downward estimate revisions. Expand Energy Earnings Results

Expand Energy Stock Performance

Expand Energy stock opened at $88.52 on Wednesday. Expand Energy Corporation has a fifty-two week low of $84.99 and a fifty-two week high of $126.62. The firm’s 50 day simple moving average is $90.29 and its 200-day simple moving average is $98.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $21.18 billion, a P/E ratio of 6.60 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. As a group, equities research analysts predict that Expand Energy Corporation will post 8.41 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is 17.15%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a report on Friday, July 10th. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Morgan Stanley decreased their target price on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Citigroup cut their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.19.

Insiders Place Their Bets

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the acquisition, the chief financial officer owned 9,144 shares of the company’s stock, valued at $881,755.92. This represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 4,000 shares of company stock worth $375,120 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

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.