Robeco Institutional Asset Management B.V. Grows Stake in Expand Energy Corporation $EXE

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Expand Energy Corporation by 8.6%, now holding 49,248 shares worth approximately $5.76 million.
• Several research analysts updated their price targets for Expand Energy, with Morgan Stanley raising it to $139 and Wells Fargo lowering it to $120, indicating a mixed outlook on the stock.
• Expand Energy recently announced a quarterly dividend of $0.575, with a total annualized yield of 2.1%, despite a high payout ratio of 589.74%.

Robeco Institutional Asset Management B.V. raised its holdings in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,248 shares of the company's stock after buying an additional 3,886 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Expand Energy were worth $5,759,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Expand Energy during the first quarter valued at approximately $3,757,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Expand Energy during the first quarter valued at approximately $1,179,000. Wedbush Securities Inc. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $210,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $1,383,000. Finally, Bessemer Group Inc. purchased a new position in shares of Expand Energy during the first quarter valued at approximately $75,000. Hedge funds and other institutional investors own 97.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EXE shares. Morgan Stanley boosted their target price on Expand Energy from $134.00 to $139.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company dropped their target price on 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. Bernstein Bank decreased their price target on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Jefferies Financial Group decreased their price target on shares of Expand Energy from $141.00 to $137.00 and set a "buy" rating for the company in a research note on Friday. Finally, KeyCorp decreased their price target on shares of Expand Energy from $135.00 to $127.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.54.

Expand Energy Stock Performance

Expand Energy stock opened at $107.73 on Tuesday. The company has a 50 day moving average price of $99.08 and a 200-day moving average price of $106.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. Expand Energy Corporation has a fifty-two week low of $82.69 and a fifty-two week high of $123.35. The company has a market capitalization of $25.66 billion, a PE ratio of 276.24 and a beta of 0.47.

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

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy's payout ratio is 589.74%.

Insider Buying and Selling

In other Expand Energy news, COO Joshua J. Viets acquired 2,000 shares of Expand Energy stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $92.16 per share, with a total value 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 approximately $5,684,060.16. This represents a 3.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of Expand Energy stock in a transaction that occurred on Friday, August 15th. The stock was acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.17% of the company's stock.

About Expand Energy

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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