Amundi Raises Position in Expand Energy Corporation $EXE

Amundi lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 952,414 shares of the company's stock after purchasing an additional 38,002 shares during the quarter. Amundi owned about 0.40% of Expand Energy worth $104,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expand Energy in the 1st quarter valued at $208,000. Focus Partners Wealth purchased a new stake in shares of Expand Energy during the 1st quarter valued at $205,000. Geneos Wealth Management Inc. acquired a new stake in shares of Expand Energy during the 1st quarter worth $79,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Expand Energy during the 2nd quarter worth $757,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Expand Energy Stock Performance

Expand Energy stock opened at $94.03 on Friday. The stock's 50 day moving average price is $89.98 and its 200 day moving average price is $98.77. The firm has a market capitalization of $21.77 billion, a PE ratio of 8.12 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.11 and a current ratio of 0.96. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last released its quarterly 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. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%.The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.05 billion. As a group, sell-side analysts expect that Expand Energy Corporation will post 8.92 EPS for the current fiscal year.

Expand Energy Announces Dividend

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

Insider Buying and Selling at Expand Energy

In other news, CFO Marcel Teunissen acquired 2,000 shares of the business's stock in a transaction on 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 acquisition, the chief financial officer directly owned 9,144 shares of the company's stock, valued at $881,755.92. This represents a 28.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Wichterich acquired 1,000 shares of the business's stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 4,000 shares of company stock valued at $375,120 over the last 90 days. Insiders own 0.22% of the company's stock.

Trending Headlines about Expand Energy

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.

Analyst Ratings Changes

Several research analysts recently weighed in on EXE shares. Citigroup cut their target price on Expand Energy from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Wolfe Research restated an "outperform" rating and set a $114.00 price target on shares of Expand Energy in a research note on Wednesday. Truist Financial raised their price objective on Expand Energy from $117.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group decreased their target price on Expand Energy from $127.00 to $124.00 and set a "buy" rating for the company in a report on Thursday. Finally, Barclays downgraded shares of Expand Energy from an "overweight" rating to a "reduce" rating in a research report on Tuesday, May 26th. Two equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.00.

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.

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.