Norinchukin Bank The Purchases Shares of 8,088 Expand Energy Corporation $EXE

Key Points

• Norinchukin Bank has acquired a new position in Expand Energy Corporation, purchasing 8,088 shares valued at approximately $900,000.
• Several significant institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also made substantial investments in Expand Energy during the 1st quarter, reflecting strong institutional interest in the company.
• Expand Energy's stock currently holds a consensus rating of "Buy" with an average price target of $127.42, highlighting positive outlook from analysts despite a recent earnings miss.

Norinchukin Bank The acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,088 shares of the company's stock, valued at approximately $900,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Expand Energy during the 1st quarter worth $2,973,033,000. Price T Rowe Associates Inc. MD bought a new position in Expand Energy during the 1st quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in Expand Energy during the 1st quarter worth $701,831,000. Wellington Management Group LLP bought a new position in Expand Energy during the 1st quarter worth $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Expand Energy during the 1st quarter worth $518,328,000. Institutional investors own 97.93% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

Several research analysts have weighed in on EXE shares. Sanford C. Bernstein upgraded Expand Energy to a "strong-buy" rating and set a $150.00 price objective on the stock in a research report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Expand Energy in a research report on Wednesday, August 13th. Siebert Williams Shank decreased their price target on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Morgan Stanley raised their price target on Expand Energy from $134.00 to $139.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, KeyCorp set a $135.00 price target on Expand Energy and gave the stock an "overweight" rating in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $127.42.

Expand Energy Stock Performance

NASDAQ:EXE opened at $94.66 on Friday. The stock's 50-day simple moving average is $105.76 and its 200 day simple moving average is $106.92. The firm has a market capitalization of $22.54 billion, a PE ratio of 242.72 and a beta of 0.46. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a twelve month low of $69.12 and a twelve month high of $123.35.

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

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.575 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio (DPR) is 589.74%.

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.

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