APG Asset Management N.V. Takes Position in Expand Energy Corporation $EXE

Key Points

• APG Asset Management N.V. has acquired a new stake in Expand Energy Corporation, purchasing 12,604 shares valued at approximately $1.3 million in the first quarter.
• Insider transactions included COO Joshua J. Viets and CEO Domenic J. Dell'osso, Jr. increasing their holdings, showing confidence in the company's future.
• Expand Energy recently declared a quarterly dividend of $0.575, reflecting an annualized yield of 2.4%, despite a high payout ratio of 589.74%.

APG Asset Management N.V. acquired a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 12,604 shares of the company's stock, valued at approximately $1,299,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Expand Energy in the 1st quarter valued at $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new position in Expand Energy in the 1st quarter valued at $1,179,000. Wedbush Securities Inc. acquired a new position in Expand Energy in the 1st quarter valued at $210,000. Cambridge Investment Research Advisors Inc. acquired a new position in Expand Energy in the 1st quarter valued at $1,383,000. Finally, Bessemer Group Inc. acquired a new position in Expand Energy in the 1st quarter valued at $75,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares in the company, valued at approximately $15,981,299.90. This represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

Expand Energy Price Performance

Shares of EXE stock traded down $0.46 on Friday, hitting $96.78. 1,493,936 shares of the company's stock were exchanged, compared to its average volume of 3,202,197. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. Expand Energy Corporation has a 12 month low of $69.12 and a 12 month high of $123.35. The stock has a market cap of $23.05 billion, a P/E ratio of 248.16 and a beta of 0.46. The company has a 50 day moving average of $103.33 and a 200 day moving average of $106.61.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 14th. Expand Energy's dividend payout ratio is presently 589.74%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent analyst reports. Bernstein Bank cut their target price on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. The Goldman Sachs Group cut their target price on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. KeyCorp set a $135.00 target price on Expand Energy and gave the company an "overweight" rating in a research report on Friday, June 13th. Wolfe Research cut their target price on Expand Energy from $150.00 to $148.00 in a research report on Wednesday, July 2nd. Finally, Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 target price for the company in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $127.42.

Expand Energy Company 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.