Vaughan Nelson Investment Management L.P. Has $93.90 Million Stock Position in Expand Energy Corporation $EXE

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 29.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 803,009 shares of the company’s stock after selling 338,193 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Expand Energy were worth $93,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in Expand Energy during the first quarter valued at approximately $2,973,033,000. Price T Rowe Associates Inc. MD acquired a new stake in Expand Energy during the first quarter valued at approximately $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Expand Energy in the first quarter valued at approximately $701,831,000. Wellington Management Group LLP bought a new position in shares of Expand Energy in the first quarter valued at approximately $624,083,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Expand Energy in the first quarter valued at approximately $518,328,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Performance

EXE stock opened at $107.44 on Friday. 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 company has a 50 day moving average price of $98.89 and a 200 day moving average price of $106.22. Expand Energy Corporation has a fifty-two week low of $82.69 and a fifty-two week high of $123.35. The stock has a market capitalization of $25.59 billion, a PE ratio of 275.49 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last posted 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). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $2.09 billion. Analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend yield of 2.1%. Expand Energy’s dividend payout ratio is 589.74%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXE. Morgan Stanley lifted their target price on shares of Expand Energy from $134.00 to $139.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. KeyCorp cut their target price 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. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Wednesday, August 13th. Siebert Williams Shank cut their target price on shares of Expand Energy from $142.00 to $128.00 in a research note on Wednesday, July 16th. Finally, Bernstein Bank cut their target price on shares of Expand Energy from $150.00 to $146.00 in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.54.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were bought at an average price 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 in the company, valued at $15,981,299.90. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, COO Joshua J. Viets purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $92.16 per share, for a total transaction of $184,320.00. Following the purchase, the chief operating officer owned 61,676 shares in the company, valued at $5,684,060.16. This trade represents a 3.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.19% of the company’s stock.

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.