Great Lakes Advisors LLC Has $34.29 Million Stock Position in Expand Energy Corporation $EXE

Great Lakes Advisors LLC reduced its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 310,732 shares of the company’s stock after selling 8,065 shares during the quarter. Great Lakes Advisors LLC owned 0.13% of Expand Energy worth $34,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Expand Energy during the 1st quarter worth $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Expand Energy during the 1st quarter worth $208,000. Focus Partners Wealth bought a new stake in shares of Expand Energy during the 1st quarter worth $205,000. Geneos Wealth Management Inc. bought a new stake in shares of Expand Energy during the 1st quarter worth $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Expand Energy during the 2nd quarter worth $757,000. 97.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Marcel Teunissen acquired 2,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares of the company’s stock, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Wichterich acquired 1,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $93.36 per share, with a total value of $93,360.00. Following the completion of the transaction, the chief executive officer directly owned 84,498 shares of the company’s stock, valued at $7,888,733.28. The trade was a 1.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.22% of the stock is currently owned by company insiders.

Expand Energy Price Performance

Expand Energy stock opened at $87.08 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $20.83 billion, a PE ratio of 6.49 and a beta of 0.33. Expand Energy Corporation has a 12 month low of $86.80 and a 12 month high of $126.62. The stock has a 50-day moving average price of $96.57 and a two-hundred day moving average price of $104.66.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Analysts expect that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.575 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.30 annualized dividend and a yield of 2.6%. Expand Energy’s dividend payout ratio (DPR) is currently 17.15%.

Analyst Ratings Changes

EXE has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a research report on Friday, May 22nd. Truist Financial restated a “buy” rating and set a $134.00 price objective (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Stephens upped their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Piper Sandler upped their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

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.