Gotham Asset Management LLC Buys 132,258 Shares of Expand Energy Corporation $EXE

Gotham Asset Management LLC increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 32.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 536,775 shares of the company’s stock after acquiring an additional 132,258 shares during the period. Gotham Asset Management LLC’s holdings in Expand Energy were worth $59,238,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Capital Research Global Investors grew its stake in shares of Expand Energy by 161.5% in the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after buying an additional 9,856,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after acquiring an additional 2,414,311 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Expand Energy by 192.0% in the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company’s stock valued at $362,683,000 after acquiring an additional 2,160,979 shares during the last quarter. Dragoneer Investment Group LLC acquired a new stake in Expand Energy in the fourth quarter valued at $145,633,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Expand Energy by 862.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock valued at $133,542,000 after acquiring an additional 1,126,363 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Down 1.0%

Shares of NASDAQ:EXE opened at $87.46 on Thursday. Expand Energy Corporation has a 12-month low of $86.80 and a 12-month high of $126.62. The business has a 50 day moving average of $95.28 and a 200-day moving average of $103.83. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The stock has a market cap of $20.92 billion, a PE ratio of 6.52 and a beta of 0.33.

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

Expand Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXE. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. UBS Group boosted their price target on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Finally, Stephens boosted their target price on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and an average target price of $131.45.

Insider Activity

In other Expand Energy news, CFO Marcel Teunissen purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Wichterich purchased 1,000 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the acquisition, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This represents a 1.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 4,000 shares of company stock worth $375,120. 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.