Van Lanschot Kempen Investment Management N.V. Invests $17.90 Million in Expand Energy Corporation $EXE

Key Points

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Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 160,816 shares of the company's stock, valued at approximately $17,902,000. Van Lanschot Kempen Investment Management N.V. owned about 0.07% of Expand Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new stake in Expand Energy during the first quarter worth about $2,973,033,000. Wellington Management Group LLP acquired a new stake in Expand Energy during the first quarter worth about $624,083,000. Massachusetts Financial Services Co. MA acquired a new stake in Expand Energy during the first quarter worth about $518,328,000. Invesco Ltd. acquired a new stake in Expand Energy during the first quarter worth about $433,431,000. Finally, AGF Management Ltd. acquired a new stake in Expand Energy during the first quarter worth about $404,511,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Down 0.8%

EXE traded down $0.79 on Friday, reaching $94.66. The company's stock had a trading volume of 3,435,769 shares, compared to its average volume of 3,606,352. The stock has a market cap of $22.54 billion, a price-to-earnings ratio of 242.72 and a beta of 0.46. Expand Energy Corporation has a 1 year low of $69.12 and a 1 year high of $123.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The business's 50 day moving average is $105.76 and its 200 day moving average is $106.94.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. As a group, research analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

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 dividend of $0.575 per share. 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 (DPR) is currently 589.74%.

Insider Buying and Selling

In other news, COO Joshua J. Viets bought 2,000 shares of Expand Energy stock in a transaction on Monday, August 18th. The shares were bought 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 represents a 3.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of Expand Energy stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the acquisition, the chief executive officer owned 166,715 shares in the company, valued at $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group dropped their target price on Expand Energy from $145.00 to $132.00 and set a "buy" rating on the stock in a report on Wednesday. Mizuho raised their target price on Expand Energy from $141.00 to $142.00 and gave the company an "outperform" rating in a report on Tuesday, July 1st. Piper Sandler dropped their target price on Expand Energy from $140.00 to $136.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Wells Fargo & Company dropped their target price on Expand Energy from $121.00 to $120.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, Scotiabank reiterated an "outperform" rating on shares of Expand Energy in a report on Wednesday, August 13th. 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. Based on data from MarketBeat.com, Expand Energy currently has an average rating of "Buy" and a consensus target price of $127.42.

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.