OMERS ADMINISTRATION Corp Takes Position in Expand Energy Corporation $EXE

OMERS ADMINISTRATION Corp bought a new stake in Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,372 shares of the company’s stock, valued at approximately $1,311,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXE. Capital Research Global Investors increased its holdings in Expand Energy by 33.2% during the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock worth $2,345,303,000 after purchasing an additional 5,291,948 shares during the period. BlackRock Inc. purchased a new position in shares of Expand Energy in the 2nd quarter valued at about $1,778,004,000. State Street Corp boosted its stake in shares of Expand Energy by 8.3% in the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock valued at $1,400,621,000 after buying an additional 1,014,484 shares during the period. Oaktree Capital Management LP grew its position in shares of Expand Energy by 3.5% during the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock worth $574,970,000 after buying an additional 175,114 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Expand Energy by 94.7% during the first quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after buying an additional 2,188,422 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EXE. Roth Capital reaffirmed a “neutral” rating and issued a $93.00 target price on shares of Expand Energy in a report on Wednesday, July 29th. Johnson Rice cut shares of Expand Energy from a “buy” rating to an “accumulate” rating and lowered their price target for the stock from $135.00 to $125.00 in a report on Monday, August 17th. William Blair downgraded shares of Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Wolfe Research restated an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Finally, Citigroup decreased their price objective on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Insider Buying and Selling at Expand Energy

In related news, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the acquisition, the chief executive officer owned 85,498 shares in the company, valued at approximately $7,600,772.20. This represents a 1.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Trading Up 2.0%

EXE opened at $96.57 on Thursday. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The company has a market cap of $22.36 billion, a P/E ratio of 8.34 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50-day simple moving average is $91.40 and its 200-day simple moving average is $97.23.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. As a group, equities research analysts expect that Expand Energy Corporation will post 8.84 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business 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 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s payout ratio is currently 19.86%.

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.