TD Waterhouse Canada Inc. Increases Stake in Expand Energy Corporation $EXE
by Tristan Rich · The Markets DailyTD Waterhouse Canada Inc. increased its position in shares of Expand Energy Corporation (NASDAQ:EXE – Free Report) by 278.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,610 shares of the company’s stock after purchasing an additional 10,013 shares during the period. TD Waterhouse Canada Inc.’s holdings in Expand Energy were worth $1,502,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its stake in shares of Expand Energy by 12.8% during the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after buying an additional 13,670 shares during the period. Candriam S.C.A. increased its stake in shares of Expand Energy by 59.0% during the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after buying an additional 11,428 shares during the period. Intech Investment Management LLC increased its stake in shares of Expand Energy by 513.9% during the third quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock valued at $3,908,000 after buying an additional 30,790 shares during the period. CSM Advisors LLC purchased a new position in shares of Expand Energy during the third quarter valued at $20,103,000. Finally, Cibc World Market Inc. increased its stake in shares of Expand Energy by 16.2% during the third quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock valued at $8,303,000 after buying an additional 10,919 shares during the period. Hedge funds and other institutional investors own 97.93% of the company’s stock.
Expand Energy Price Performance
Shares of NASDAQ EXE opened at $96.30 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $23.15 billion, a PE ratio of 12.77 and a beta of 0.47. The business has a 50-day simple moving average of $104.32 and a two-hundred day simple moving average of $107.72. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.
Expand Energy (NASDAQ:EXE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. As a group, equities analysts expect that Expand Energy Corporation will post 8.9 EPS for the current fiscal year.
Expand Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, March 5th. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.
Analyst Upgrades and Downgrades
EXE has been the topic of several research reports. Barclays raised their price target on Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. KeyCorp restated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. UBS Group dropped their price objective on Expand Energy from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Stephens raised their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Expand Energy in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Expand Energy currently has a consensus rating of “Moderate Buy” and an average price target of $131.95.
View Our Latest Stock Report on Expand Energy
Insiders Place Their Bets
In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $107.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. The trade was a 2.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.19% 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.
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