denkapparat Operations GmbH Makes New $864,000 Investment in Expand Energy Corporation $EXE

denkapparat Operations GmbH acquired a new stake in Expand Energy Corporation (NASDAQ:EXE) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,480 shares of the company’s stock, valued at approximately $864,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Union Bankshares Corp lifted its stake in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Eastern Bank acquired a new stake in Expand Energy in the second quarter worth about $27,000. SJS Investment Consulting Inc. raised its holdings in Expand Energy by 379.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Expand Energy during the 4th quarter worth about $30,000. Finally, Ascentis Independent Advisors acquired a new position in Expand Energy during the 1st quarter valued at about $32,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXE. Benchmark reduced their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. The Goldman Sachs Group boosted their price target on shares of Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Morgan Stanley cut their price objective on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. Citigroup reduced their price objective 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. Finally, Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and lowered their target price for the stock from $135.00 to $125.00 in a report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.89.

Insider Transactions at Expand Energy

In other news, CEO Michael Wichterich bought 1,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer owned 85,498 shares of the company’s stock, valued at approximately $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

Shares of EXE opened at $99.05 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. Expand Energy Corporation has a 1 year low of $84.99 and a 1 year high of $126.62. The stock has a market cap of $22.93 billion, a P/E ratio of 8.55 and a beta of 0.34. The stock’s 50-day moving average price is $92.69 and its two-hundred day moving average price is $96.99.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. The company had revenue of $2.96 billion during 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%. On average, equities analysts predict that Expand Energy Corporation will post 8.84 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.575 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.3%. Expand Energy’s payout ratio is currently 19.86%.

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.