BW Gestao de Investimentos Ltda. Trims Stock Position in Expand Energy Corporation $EXE

BW Gestao de Investimentos Ltda. lowered its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,700 shares of the company’s stock after selling 65,549 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Expand Energy were worth $16,190,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Siemens Fonds Invest GmbH grew its stake in Expand Energy by 6.8% during the third 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 in the last quarter. New Mexico Educational Retirement Board raised its stake in Expand Energy by 1.0% in the third quarter. New Mexico Educational Retirement Board now owns 9,800 shares of the company’s stock valued at $1,041,000 after purchasing an additional 100 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in Expand Energy by 74.6% in the fourth 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. McGowan Group Asset Management Inc. raised its stake in Expand Energy by 0.4% in 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 in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in Expand Energy by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 1.0%

Shares of Expand Energy stock opened at $92.09 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of 6.87 and a beta of 0.33. The company’s 50 day moving average price is $99.80 and its 200-day moving average price is $106.15.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.22. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Equities research analysts forecast that Expand Energy Corporation will post 8.8 EPS for the current year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.5%. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Insider Activity at Expand Energy

In other news, CFO Marcel Teunissen bought 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were purchased 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 approximately $881,755.92. This trade represents a 28.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael Wichterich bought 2,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EXE has been the topic of a number of recent analyst reports. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Barclays downgraded shares of Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 19th. Finally, Morgan Stanley decreased their price target on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a research note on Friday, May 22nd. 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 issued a Sell rating to the company. According to data from MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and a consensus target price of $131.45.

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.