Tejara Capital Ltd Makes New $7.45 Million Investment in Expand Energy Corporation $EXE

Tejara Capital Ltd purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 81,700 shares of the company’s stock, valued at approximately $7,450,000. Expand Energy comprises 3.1% of Tejara Capital Ltd’s portfolio, making the stock its 11th largest position.

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

Wall Street Analyst Weigh In

EXE has been the subject of several research analyst reports. Citigroup lowered their price target on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Johnson Rice cut Expand Energy from a “buy” rating to an “accumulate” rating and lowered their target price for the company from $135.00 to $125.00 in a report on Monday. William Blair downgraded Expand Energy from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Wolfe Research reiterated an “outperform” rating and set a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Barclays reduced their price target on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.67.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $96.07 on Friday. Expand Energy Corporation has a one year low of $84.99 and a one year high of $126.62. The company has a market cap of $22.24 billion, a PE ratio of 8.30 and a beta of 0.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day simple moving average of $90.78 and a 200-day simple moving average of $97.59.

Expand Energy (NASDAQ:EXE) last issued its 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. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.05 billion. On average, equities research analysts forecast that Expand Energy Corporation will post 8.92 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, August 13th. Expand Energy’s dividend payout ratio (DPR) is presently 19.86%.

Insider Buying and Selling at Expand Energy

In other news, CEO Michael Wichterich acquired 1,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $88.90 per share, with a total value of $88,900.00. Following the transaction, the chief executive officer owned 85,498 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

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.