Van Lanschot Kempen Investment Management N.V. Lowers Position in Expand Energy Corporation $EXE

Van Lanschot Kempen Investment Management N.V. cut its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 202,302 shares of the company’s stock after selling 23,595 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Expand Energy were worth $22,326,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC grew its holdings in shares of Expand Energy by 513.9% during the 3rd quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock worth $3,908,000 after purchasing an additional 30,790 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Expand Energy by 36,574.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after purchasing an additional 2,414,311 shares during the period. Sierra Summit Advisors LLC grew its holdings in shares of Expand Energy by 25.9% during the 4th quarter. Sierra Summit Advisors LLC now owns 77,230 shares of the company’s stock worth $8,523,000 after purchasing an additional 15,904 shares during the period. CSM Advisors LLC purchased a new position in shares of Expand Energy during the 3rd quarter worth $20,103,000. Finally, Swiss National Bank grew its holdings in shares of Expand Energy by 2.8% during the 3rd quarter. Swiss National Bank now owns 651,656 shares of the company’s stock worth $69,232,000 after purchasing an additional 17,700 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $88.78 on Friday. The business has a 50-day moving average of $96.23 and a 200 day moving average of $104.55. Expand Energy Corporation has a 12 month low of $86.80 and a 12 month high of $126.62. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 6.62 and a beta of 0.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11.

Expand Energy (NASDAQ:EXE) last announced its earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. As a group, sell-side analysts forecast that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXE. Truist Financial reiterated a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a report on Thursday, April 30th. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 19th. UBS Group increased their price target on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a report on Thursday, April 2nd. Finally, Morgan Stanley lowered their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Expand Energy currently has an average rating of “Moderate Buy” and a consensus price target of $131.45.

Insider Activity

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

About Expand Energy

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.