CSM Advisors LLC Makes New $20.10 Million Investment in Expand Energy Corporation $EXE

CSM Advisors LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 189,187 shares of the company’s stock, valued at approximately $20,103,000. CSM Advisors LLC owned approximately 0.08% of Expand Energy as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its position in 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after buying an additional 5,020 shares during the period. Candriam S.C.A. grew its position in shares of Expand Energy by 59.0% in the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after buying an additional 11,428 shares during the period. Edgestream Partners L.P. bought a new position in shares of Expand Energy in the 2nd quarter worth about $3,347,000. Finally, Cibc World Market Inc. increased its stake in shares of Expand Energy by 16.2% in the 3rd quarter. Cibc World Market Inc. now owns 78,149 shares of the company’s stock worth $8,303,000 after acquiring an additional 10,919 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the topic of several research reports. UBS Group dropped their price objective on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Barclays decreased their target price on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Stephens lifted their target price on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Finally, Sanford C. Bernstein cut their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $131.17.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich acquired 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, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $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. 0.19% of the stock is owned by company insiders.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $107.02 on Friday. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The firm’s 50-day moving average is $105.91 and its 200 day moving average is $107.05. The stock has a market cap of $25.73 billion, a price-to-earnings ratio of 14.19 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. Sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.575 per share. 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 (DPR) is 30.50%.

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.