Wealth High Governance Capital Ltda Purchases 165,601 Shares of Expand Energy Corporation $EXE

Wealth High Governance Capital Ltda increased its position in Expand Energy Corporation (NASDAQ:EXE) by 222.6% during the third quarter, Holdings Channel.com reports. The firm owned 240,001 shares of the company’s stock after buying an additional 165,601 shares during the quarter. Expand Energy accounts for approximately 7.3% of Wealth High Governance Capital Ltda’s holdings, making the stock its 3rd biggest position. Wealth High Governance Capital Ltda’s holdings in Expand Energy were worth $25,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors raised its holdings in Expand Energy by 161.5% during the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after buying an additional 9,856,576 shares during the last quarter. Phoenix Financial Ltd. acquired a new position in shares of Expand Energy during the third quarter valued at about $169,783,000. 59 North Capital Management LP acquired a new position in shares of Expand Energy during the second quarter valued at about $102,949,000. Victory Capital Management Inc. increased its position in shares of Expand Energy by 288.2% during the third quarter. Victory Capital Management Inc. now owns 1,125,382 shares of the company’s stock worth $119,561,000 after acquiring an additional 835,499 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Expand Energy by 4,719.7% in the 3rd quarter. Pacer Advisors Inc. now owns 821,571 shares of the company’s stock worth $87,284,000 after acquiring an additional 804,525 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EXE shares. Benchmark raised their price target on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Stephens boosted their price objective on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Piper Sandler increased their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company set a $123.00 target price on Expand Energy in a report on Monday, February 23rd. Finally, Mizuho upped their price target on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Expand Energy presently has a consensus rating of “Buy” and a consensus target price of $131.17.

Expand Energy Stock Up 0.8%

Shares of EXE traded up $0.87 during trading hours on Friday, reaching $108.70. 505,480 shares of the stock traded hands, compared to its average volume of 3,715,693. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 14.40 and a beta of 0.47. The stock has a fifty day simple moving average of $105.96 and a 200 day simple moving average of $106.89. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 15.00% and a return on equity of 8.17%. On average, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio is currently 30.50%.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. The trade was a 2.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is currently owned by corporate insiders.

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.