Renaissance Technologies LLC Takes Position in Expand Energy Corporation $EXE

Renaissance Technologies LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) in the first quarter, Holdings Channel reports. The firm acquired 325,762 shares of the company’s stock, valued at approximately $35,762,000.

Several other large investors have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Expand Energy in the first quarter worth $208,000. Focus Partners Wealth purchased a new stake in shares of Expand Energy during the first quarter worth $205,000. Geneos Wealth Management Inc. purchased a new stake in shares of Expand Energy during the first quarter worth $79,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Expand Energy in the second quarter valued at $757,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXE. Truist Financial decreased their target price on Expand Energy from $134.00 to $117.00 and set a “buy” rating for the company in a report on Friday, July 10th. Morgan Stanley cut their price target on Expand Energy from $139.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. UBS Group reduced their price target on Expand Energy from $135.00 to $127.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Weiss Ratings downgraded Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Finally, Citigroup cut their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Expand Energy presently has an average rating of “Moderate Buy” and an average price target of $130.19.

Expand Energy Price Performance

Expand Energy stock opened at $88.52 on Wednesday. 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 fifty day simple moving average of $90.29 and a 200-day simple moving average of $98.95. The stock has a market cap of $21.18 billion, a P/E ratio of 6.60 and a beta of 0.34. Expand Energy Corporation has a 12-month low of $84.99 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Equities analysts expect that Expand Energy Corporation will post 8.41 EPS for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, August 13th. Expand Energy’s dividend payout ratio is currently 17.15%.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the purchase, the chief executive officer directly owned 85,498 shares in the company, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of $96.43 per share, with a total value of $192,860.00. Following the purchase, the chief financial officer 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 disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 4,000 shares of company stock worth $375,120. Company insiders own 0.22% of the company’s stock.

Trending Headlines about Expand Energy

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Second-quarter earnings beat expectations. Expand Energy reported adjusted earnings of $1.33 per share, above consensus estimates ranging from $1.13 to $1.22 and up from $1.10 a year earlier. Expand Energy Q2 Earnings Beat Estimates
• Positive Sentiment: Twin Eagle acquisition offers growth and integration benefits. EXE agreed to acquire privately held natural-gas marketer Twin Eagle for $1.25 billion. Management expects the deal to contribute more than $200 million in annual EBITDA initially and generate $150 million in annual synergies by the end of 2028, expanding Expand Energy’s reach across major U.S. and Canadian demand markets. Expand Energy to Acquire Twin Eagle
• Neutral Sentiment: The deal shifts EXE toward an integrated natural-gas model. Combining North America’s largest gas producer with a marketing and optimization platform could improve value capture and diversify earnings, but investors will likely monitor transaction funding, closing conditions and the pace of synergy realization. Expand Energy to Acquire Twin Eagle in $1.25 Billion Deal
• Negative Sentiment: Revenue missed forecasts. Quarterly revenue was $2.96 billion, below analysts’ $3.05 billion estimate. The revenue shortfall may be overshadowing the EPS beat, particularly as pre-earnings coverage cited downward estimate revisions. Expand Energy Earnings Results

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.