Expand Energy Corporation $EXE Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its position in Expand Energy Corporation (NASDAQ:EXE) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,927 shares of the company’s stock after selling 10,735 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Expand Energy were worth $2,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp lifted its position in Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Rakuten Securities Inc. lifted its position in Expand Energy by 350.9% in the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Abound Wealth Management increased its holdings in Expand Energy by 890.0% in the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares in the last quarter. ESL Trust Services LLC purchased a new position in Expand Energy in the third quarter valued at about $32,000. Finally, Assetmark Inc. increased its holdings in Expand Energy by 54.5% in the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock valued at $46,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Up 0.4%

EXE stock opened at $97.94 on Friday. The stock has a market capitalization of $23.43 billion, a P/E ratio of 7.30 and a beta of 0.36. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.11. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a 50 day moving average price of $101.37 and a two-hundred day moving average price of $106.97.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $3.61 by $0.22. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a net margin of 22.53% and a return on equity of 10.26%. As a group, sell-side analysts expect that Expand Energy Corporation will post 8.87 EPS for the current year.

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s payout ratio is presently 17.15%.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich bought 2,000 shares of the stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the acquisition, the chief financial officer owned 9,144 shares in the company, valued at $881,755.92. The trade was a 28.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stephens increased their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings cut shares of Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. William Blair cut shares of Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a report on Friday. Finally, Piper Sandler increased their target price on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.23.

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.