Nykredit A S Invests $2.15 Million in Expand Energy Corporation $EXE

Nykredit A S acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,592 shares of the company’s stock, valued at approximately $2,151,000.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Expand Energy in the first quarter worth approximately $2,599,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Expand Energy during the first quarter worth approximately $208,000. Focus Partners Wealth bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $205,000. Geneos Wealth Management Inc. bought a new stake in shares of Expand Energy in the 1st quarter worth approximately $79,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Expand Energy in the 2nd quarter valued at $757,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $88.90 per share, with a total value of $88,900.00. Following the completion of the purchase, the chief executive officer directly owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.22% of the company’s stock.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $97.91 on Tuesday. The firm’s fifty day moving average is $93.09 and its 200 day moving average is $96.91. Expand Energy Corporation has a 52 week low of $84.99 and a 52 week high of $126.62. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 8.46 and a beta of 0.34.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. On average, equities research analysts expect that Expand Energy Corporation will post 8.84 earnings per share for the current year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 13th. Expand Energy’s dividend payout ratio is 19.86%.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. Barclays reduced their target price on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Benchmark lowered their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. The Goldman Sachs Group upped their price target on shares of Expand Energy from $99.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. UBS Group reduced their price objective on Expand Energy from $127.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Morgan Stanley decreased their price objective on Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.89.

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.