Expand Energy Corporation $EXE Stock Position Raised by Tema Etfs LLC

Tema Etfs LLC lifted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 1,128.7% during the fourth quarter, Holdings Channel reports. The firm owned 39,429 shares of the company’s stock after purchasing an additional 36,220 shares during the quarter. Tema Etfs LLC’s holdings in Expand Energy were worth $4,351,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Research Global Investors boosted its position in shares of Expand Energy by 161.5% in the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock valued at $1,695,520,000 after purchasing an additional 9,856,576 shares during the period. Phoenix Financial Ltd. acquired a new stake in Expand Energy during the 3rd quarter worth about $169,783,000. CIBC Private Wealth Group LLC lifted its stake in 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 valued at $133,542,000 after buying an additional 1,126,363 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Expand Energy during the third quarter valued at about $115,504,000. Finally, State Street Corp boosted its holdings in shares of Expand Energy by 8.3% in 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 hedge funds and other institutional investors.

Expand Energy Trading Down 3.4%

NASDAQ:EXE opened at $106.03 on Thursday. The stock has a market cap of $25.49 billion, a PE ratio of 14.06 and a beta of 0.47. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $107.35 and its two-hundred day moving average is $108.22.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a $0.575 dividend. The ex-dividend date was Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s dividend payout ratio is presently 30.50%.

Insider Activity

In related news, CEO Michael Wichterich bought 2,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of $107.50 per share, with a total value of $215,000.00. Following the purchase, the chief executive officer directly owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

EXE has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Barclays upped their price target on shares of Expand Energy from $125.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. UBS Group cut their target price 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $131.48.

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.