Bridgewater Advisors Inc. Makes New $414,000 Investment in Expand Energy Corporation $EXE

Bridgewater Advisors Inc. bought a new position in Expand Energy Corporation (NASDAQ:EXE) during the second quarter, HoldingsChannel.com reports. The fund bought 5,506 shares of the company’s stock, valued at approximately $414,000.

Several other hedge funds have also recently made changes to their positions in EXE. Siemens Fonds Invest GmbH lifted its holdings in shares of Expand Energy by 6.8% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 88 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. McGowan Group Asset Management Inc. raised its position in Expand Energy by 0.4% during the fourth quarter. McGowan Group Asset Management Inc. now owns 24,073 shares of the company’s stock valued at $2,657,000 after purchasing an additional 105 shares during the period. Smartleaf Asset Management LLC raised its position in Expand Energy by 25.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 543 shares of the company’s stock valued at $61,000 after purchasing an additional 110 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Expand Energy by 4.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,590 shares of the company’s stock valued at $286,000 after purchasing an additional 111 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. The trade was a 1.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wolfe Research reiterated an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. UBS Group lowered their price target on Expand Energy from $127.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Citigroup dropped their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Truist Financial boosted their price objective on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.12.

Expand Energy Stock Up 0.1%

Shares of NASDAQ EXE opened at $94.78 on Friday. 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 company has a market cap of $21.94 billion, a P/E ratio of 8.18 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 firm has a 50-day simple moving average of $90.24 and a two-hundred day simple moving average of $98.10.

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

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend 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%.

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.