Deutsche Bank AG acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,218,901 shares of the company's stock, valued at approximately $111,152,000. Deutsche Bank AG owned about 0.53% of Expand Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Expand Energy in the 1st quarter valued at $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expand Energy during the first quarter worth $208,000. Focus Partners Wealth bought a new stake in Expand Energy in the first quarter valued at about $205,000. Geneos Wealth Management Inc. bought a new stake in Expand Energy in the first quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in Expand Energy in the second quarter valued at about $757,000. Institutional investors and hedge funds own 97.93% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Benchmark reduced their target price on Expand Energy from $124.00 to $109.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Morgan Stanley decreased their target price on Expand Energy from $131.00 to $129.00 and set an "overweight" rating for the company in a research report on Wednesday. Weiss Ratings cut Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Johnson Rice downgraded shares of Expand Energy from a "buy" rating to an "accumulate" rating and cut their price target for the company from $135.00 to $125.00 in a research report on Monday. Finally, UBS Group reduced their price objective on shares of Expand Energy from $127.00 to $124.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $127.67.
View Our Latest Research Report on EXE
Expand Energy Trading Up 0.6%
Shares of NASDAQ:EXE opened at $96.03 on Thursday. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 8.29 and a beta of 0.34. Expand Energy Corporation has a 12 month low of $84.99 and a 12 month high of $126.62. The company's fifty day simple moving average is $90.60 and its 200 day simple moving average is $97.70. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.
Expand Energy (NASDAQ:EXE - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. As a group, research analysts forecast that Expand Energy Corporation will post 8.92 EPS for the current fiscal year.
Expand Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy's payout ratio is 19.86%.
Insider Activity at Expand Energy
In other news, CEO Michael Wichterich acquired 1,000 shares of Expand Energy stock in a transaction dated 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 of the company's stock, valued at approximately $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.
About Expand Energy
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Expand Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Expand Energy wasn't on the list.
While Expand Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
