TD Asset Management Inc Acquires 938,337 Shares of Expand Energy Corporation $EXE

TD Asset Management Inc lifted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 263.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,294,999 shares of the company’s stock after acquiring an additional 938,337 shares during the quarter. TD Asset Management Inc owned approximately 0.54% of Expand Energy worth $142,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Expand Energy during the 1st quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Expand Energy during the 1st quarter worth approximately $208,000. Focus Partners Wealth bought a new position in shares of Expand Energy during the 1st quarter worth approximately $205,000. Geneos Wealth Management Inc. bought a new position in shares of Expand Energy during the 1st quarter worth approximately $79,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Expand Energy during the 2nd quarter worth approximately $757,000. 97.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group lifted their target price on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. KeyCorp reiterated a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Barclays downgraded Expand Energy from an “overweight” rating to a “reduce” rating in a research note on Tuesday, May 26th. Finally, Stephens lifted their price target on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.45.

Expand Energy Stock Performance

NASDAQ:EXE opened at $93.40 on Friday. The stock has a market cap of $22.34 billion, a P/E ratio of 6.96 and a beta of 0.33. The stock has a 50 day simple moving average of $98.83 and a 200 day simple moving average of $105.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Expand Energy Corporation has a 1-year low of $90.79 and a 1-year high of $126.62.

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

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s dividend payout ratio (DPR) is presently 17.15%.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $93.36 per share, with a total value of $93,360.00. Following the acquisition, the chief executive officer owned 84,498 shares in the company, valued at approximately $7,888,733.28. This trade represents a 1.20% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Marcel Teunissen acquired 2,000 shares of the company’s stock in a transaction on 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 acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.22% of the company’s stock.

Expand Energy 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.