Nomura Asset Management Co. Ltd. Acquires 6,166 Shares of Expand Energy Corporation $EXE

Nomura Asset Management Co. Ltd. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,852 shares of the company’s stock after buying an additional 6,166 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Expand Energy were worth $9,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EXE. Capital Research Global Investors boosted its position in shares of 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 period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Expand Energy by 36,574.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company’s stock worth $267,172,000 after buying an additional 2,414,311 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Expand Energy by 862.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,256,987 shares of the company’s stock worth $133,542,000 after buying an additional 1,126,363 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Expand Energy during the third quarter worth about $115,504,000. Finally, State Street Corp boosted its position in shares of Expand Energy by 8.3% during the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after buying an additional 1,014,484 shares during the period. 97.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXE has been the subject of several recent research reports. Piper Sandler upped their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. TD Cowen raised Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings cut Expand Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 19th. Benchmark upped their price objective on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Truist Financial reissued a “buy” rating and set a $134.00 price target (up from $133.00) on shares of Expand Energy in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.45.

Expand Energy Stock Performance

EXE opened at $91.07 on Thursday. Expand Energy Corporation has a 12-month low of $90.79 and a 12-month high of $126.62. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 6.79 and a beta of 0.33. The business has a 50 day moving average of $99.16 and a 200-day moving average of $105.77. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $3.53 billion. On average, equities research analysts expect that Expand Energy Corporation will post 8.8 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Insider Buying and Selling

In other Expand Energy news, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of $96.43 per share, with a total value of $192,860.00. Following the completion of the transaction, the chief financial officer directly owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Wichterich bought 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 purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at $8,976,035. This trade represents a 2.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% 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.