Janus Henderson Group PLC Lowers Stock Position in Expand Energy Corporation $EXE

Janus Henderson Group PLC cut its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 20.6% during the first quarter, Holdings Channel.com reports. The firm owned 391,303 shares of the company’s stock after selling 101,455 shares during the period. Janus Henderson Group PLC’s holdings in Expand Energy were worth $42,957,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Expand Energy in the first quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in Expand Energy during the 1st quarter valued at $208,000. Focus Partners Wealth bought a new stake in Expand Energy during the 1st quarter valued at $205,000. Geneos Wealth Management Inc. purchased a new position in shares of Expand Energy in the 1st quarter valued at $79,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Expand Energy in the 2nd quarter valued at $757,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Expand Energy stock opened at $94.03 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 8.12 and a beta of 0.34. Expand Energy Corporation has a 1-year low of $84.99 and a 1-year high of $126.62. The business has a fifty day moving average price of $89.98 and a 200-day moving average price of $98.74.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. Equities research analysts forecast that Expand Energy Corporation will post 8.92 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is currently 19.86%.

Insider Transactions at Expand Energy

In related news, CFO Marcel Teunissen acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $96.43 per share, with a total value of $192,860.00. Following the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. This trade represents a 28.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the transaction, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. The trade was a 1.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 4,000 shares of company stock worth $375,120 in the last 90 days. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EXE shares. Citigroup decreased their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. UBS Group cut their target price on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday. Roth Capital reiterated a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a report on Wednesday. Truist Financial raised their price target on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday. Finally, William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Key Expand Energy News

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

• Positive Sentiment: Q2 earnings beat estimates: Expand Energy reported adjusted earnings of $1.33 per share, above the $1.13 consensus estimate. Higher production and lower operating costs helped offset weaker revenue and natural-gas prices. Expand Energy Q2 Earnings Beat Estimates on Strong Production
• Positive Sentiment: Analyst support strengthened: Truist raised its price target from $117 to $121 and maintained a Buy rating, while Morgan Stanley and UBS also reiterated or issued Buy ratings. These targets imply substantial potential upside from recent trading levels. Truist Raises Expand Energy Price Target Morgan Stanley Keeps Their Buy Rating on Expand Energy Expand Energy Receives a Buy from UBS
• Positive Sentiment: Growth strategy gains traction: The acquisition of Twin Eagle Holdings expands Expand Energy’s gas-marketing platform and could improve access to LNG, power and industrial customers. Management also retained its full-year production target and highlighted the potential for a larger buyback authorization. Expand Energy Sticks to Full-Year Production Goal Expand Energy Agrees to Buy Twin Eagle Holdings
• Neutral Sentiment: Barclays maintained a Hold rating, indicating that some analysts remain cautious despite the earnings beat and strategic expansion. Barclays Keeps Their Hold Rating on Expand Energy
• Negative Sentiment: Lower natural-gas prices, weaker quarterly revenue versus expectations and potential infrastructure constraints remain risks to near-term cash flow and the pace of growth.

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.