Expand Energy Corporation $EXE Position Boosted by Tema Etfs LLC

Tema Etfs LLC boosted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 1,128.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,429 shares of the company’s stock after acquiring an additional 36,220 shares during the quarter. Tema Etfs LLC’s holdings in Expand Energy were worth $4,351,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Abound Wealth Management boosted its position in Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after acquiring an additional 267 shares during the period. ESL Trust Services LLC acquired a new position in shares of Expand Energy during the third quarter valued at $32,000. Smartleaf Asset Management LLC increased its holdings in shares of Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after purchasing an additional 199 shares during the period. Root Financial Partners LLC bought a new stake in shares of Expand Energy during the third quarter valued at about $47,000. Finally, CX Institutional bought a new stake in shares of Expand Energy during the third quarter valued at about $52,000. Institutional investors own 97.93% of the company’s stock.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EXE shares. Stephens increased their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. UBS Group dropped their price target on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Barclays upped their price target on shares of Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Finally, Truist Financial began coverage on shares of Expand Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $136.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $131.48.

Expand Energy Price Performance

NASDAQ:EXE opened at $106.03 on Thursday. The business’s 50-day moving average price is $107.35 and its 200 day moving average price is $108.22. The firm has a market cap of $25.49 billion, a P/E ratio of 14.06 and a beta of 0.47. 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 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were paid a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s dividend payout ratio is currently 30.50%.

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.