Natixis Advisors LLC Reduces Stock Position in Expand Energy Corporation $EXE

Natixis Advisors LLC reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 8.2% in the third quarter, Holdings Channel.com reports. The fund owned 360,069 shares of the company’s stock after selling 32,174 shares during the period. Natixis Advisors LLC’s holdings in Expand Energy were worth $38,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hara Capital LLC raised its stake in shares of Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after purchasing an additional 100 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Expand Energy by 5.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock worth $232,000 after purchasing an additional 108 shares during the period. Parkside Financial Bank & Trust grew its holdings in Expand Energy by 16.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares in the last quarter. New Wave Wealth Advisors LLC grew its holdings in Expand Energy by 3.1% during the 3rd quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock valued at $445,000 after buying an additional 127 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after buying an additional 136 shares during the period. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Expand Energy

In related news, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $107.50 per share, for a total transaction of $215,000.00. Following the transaction, the chief executive officer owned 83,498 shares in the company, valued at $8,976,035. This represents a 2.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Wells Fargo & Company set a $123.00 target price on shares of Expand Energy in a research note on Monday, February 23rd. Sanford C. Bernstein cut their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Citigroup boosted their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy currently has a consensus rating of “Buy” and an average price target of $130.38.

Expand Energy Stock Performance

Shares of EXE opened at $107.87 on Tuesday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $25.93 billion, a PE ratio of 14.31 and a beta of 0.47. The stock has a 50-day moving average price of $106.19 and a 200-day moving average price of $106.80.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data 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 company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.575 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio is presently 30.50%.

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.