Pacer Advisors Inc. Increases Stock Holdings in Expand Energy Corporation $EXE

Pacer Advisors Inc. grew its stake in Expand Energy Corporation (NASDAQ:EXE) by 227.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 970,691 shares of the company’s stock after purchasing an additional 673,929 shares during the period. Pacer Advisors Inc.’s holdings in Expand Energy were worth $106,562,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Atlantic Union Bankshares Corp grew its position in Expand Energy by 74.6% in the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Rakuten Securities Inc. increased its stake in Expand Energy by 350.9% in the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the period. SJS Investment Consulting Inc. raised its position in Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after buying an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Expand Energy during the 4th quarter worth $30,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Expand Energy in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

More 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXE. Citigroup lowered their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wolfe Research reissued an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a report on Wednesday. Truist Financial raised 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. William Blair lowered Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, Barclays cut Expand Energy from an “overweight” rating to a “reduce” rating in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.00.

Insider Activity

In related news, CEO Michael Wichterich bought 1,000 shares of the company’s stock in a transaction 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 acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Marcel Teunissen bought 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, with a total value 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 disclosure for this purchase is available in the SEC filing. Insiders have acquired 4,000 shares of company stock worth $375,120 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $94.03 on Monday. The firm has a market capitalization of $21.77 billion, a P/E ratio of 8.12 and a beta of 0.34. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The company’s fifty day moving average is $89.98 and its two-hundred day moving average is $98.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

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

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s dividend payout ratio is presently 19.86%.

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.