New York State Teachers Retirement System Increases Holdings in Expand Energy Corporation $EXE

New York State Teachers Retirement System lifted its position in Expand Energy Corporation (NASDAQ:EXE) by 0.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,642 shares of the company’s stock after purchasing an additional 271 shares during the period. New York State Teachers Retirement System owned 0.06% of Expand Energy worth $16,914,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in shares of Expand Energy by 35.3% in the second quarter. Ritholtz Wealth Management now owns 3,111 shares of the company’s stock valued at $364,000 after purchasing an additional 812 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Expand Energy in the second quarter valued at approximately $507,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Expand Energy by 16.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,072 shares of the company’s stock valued at $593,000 after purchasing an additional 713 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Expand Energy by 18.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,275 shares of the company’s stock worth $266,000 after buying an additional 348 shares during the period. Finally, MGO One Seven LLC lifted its holdings in Expand Energy by 6.5% during the second quarter. MGO One Seven LLC now owns 14,098 shares of the company’s stock worth $1,649,000 after buying an additional 858 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

Shares of EXE stock opened at $100.78 on Friday. The business’s fifty day simple moving average is $99.45 and its 200-day simple moving average is $105.81. The company has a market cap of $24.00 billion, a PE ratio of 258.42 and a beta of 0.47. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. Expand Energy Corporation has a 12-month low of $82.69 and a 12-month high of $123.35.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). Expand Energy had a return on equity of 5.76% and a net margin of 2.41%.The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s dividend payout ratio is presently 589.74%.

Insider Buying and Selling at Expand Energy

In other news, COO Joshua J. Viets bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average cost of $92.16 per share, with a total value of $184,320.00. Following the transaction, the chief operating officer directly owned 61,676 shares in the company, valued at approximately $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $95.86 per share, for a total transaction of $239,650.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Expand Energy in a report on Wednesday, October 8th. Wolfe Research lowered their target price on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Tudor Pickering & Holt lowered their target price on Expand Energy from $119.00 to $118.00 in a report on Tuesday, July 1st. Mizuho set a $136.00 target price on Expand Energy in a report on Monday, September 15th. Finally, Capital One Financial lowered their target price on Expand Energy from $105.00 to $101.00 in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

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.