B. Metzler seel. Sohn & Co. AG Buys New Position in Expand Energy Corporation $EXE

Key Points

• B. Metzler seel. Sohn & Co. AG has acquired 9,833 shares of Expand Energy Corporation, valued at approximately $1,095,000.
• A number of institutional investors, including Transamerica Financial Advisors LLC and Harbour Investments Inc., also initiated positions in Expand Energy, contributing to institutional ownership of 97.93% of the company's stock.
• Expand Energy will pay a quarterly dividend of $0.575 on September 4th, representing an annualized dividend yield of 2.4%.

B. Metzler seel. Sohn & Co. AG bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,833 shares of the company's stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $27,000. Transamerica Financial Advisors LLC bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $27,000. First Horizon Advisors Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $28,000. Cheviot Value Management LLC bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $29,000. Finally, Pinney & Scofield Inc. bought a new stake in shares of Expand Energy in the 1st quarter valued at approximately $29,000. Institutional investors own 97.93% of the company's stock.

Insider Buying and Selling at Expand Energy

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EXE shares. Siebert Williams Shank lowered their price target on Expand Energy from $142.00 to $128.00 in a report on Wednesday, July 16th. KeyCorp lowered their price objective on shares of Expand Energy from $135.00 to $127.00 and set an "overweight" rating for the company in a research report on Wednesday. Capital One Financial lowered their price objective on shares of Expand Energy from $105.00 to $101.00 in a research report on Thursday, July 3rd. Wells Fargo & Company lowered their price objective on shares of Expand Energy from $121.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Finally, Tudor Pickering & Holt lowered their price objective on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $127.12.

Expand Energy Stock Performance

NASDAQ EXE traded down $0.87 on Thursday, hitting $96.21. The stock had a trading volume of 1,404,398 shares, compared to its average volume of 3,698,310. Expand Energy Corporation has a one year low of $69.12 and a one year high of $123.35. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The stock has a market cap of $22.91 billion, a price-to-earnings ratio of 246.57 and a beta of 0.46. The company's 50-day moving average is $101.91 and its two-hundred day moving average is $106.46.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.10 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $2.09 billion. On average, analysts expect that Expand Energy Corporation will post 1.33 earnings per share 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 given a $0.575 dividend. The ex-dividend date is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio is 589.74%.

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.