Natixis Advisors LLC Has $40.43 Million Holdings in Expand Energy Corporation $EXE

Natixis Advisors LLC grew its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 366,330 shares of the company’s stock after buying an additional 6,261 shares during the period. Natixis Advisors LLC owned approximately 0.15% of Expand Energy worth $40,428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp boosted its holdings in shares of Expand Energy by 74.6% during the 4th quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Expand Energy by 350.9% during the 4th quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock worth $27,000 after buying an additional 193 shares in the last quarter. Abound Wealth Management boosted its holdings in shares of Expand Energy by 890.0% during the 4th quarter. Abound Wealth Management now owns 297 shares of the company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Expand Energy by 54.5% during the 4th quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after buying an additional 146 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares in the last quarter. 97.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $107.50 per share, with a total value of $215,000.00. Following the transaction, the chief executive officer directly owned 83,498 shares in the company, valued at $8,976,035. This trade represents a 2.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marcel Teunissen bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired 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 owned 9,144 shares in the company, valued at approximately $881,755.92. The trade was a 28.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXE. Stephens increased 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. Benchmark increased their price target on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Finally, Morgan Stanley cut their target price on Expand Energy from $141.00 to $139.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. Two investment 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 assigned 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 price target of $131.45.

Expand Energy Trading Down 0.5%

NASDAQ EXE opened at $91.07 on Thursday. The firm has a market capitalization of $21.79 billion, a P/E ratio of 6.79 and a beta of 0.33. The business has a fifty day simple moving average of $99.16 and a 200 day simple moving average of $105.77. Expand Energy Corporation has a 12 month low of $90.79 and a 12 month high of $126.62. 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 (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.22. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. On average, analysts predict that Expand Energy Corporation will post 8.8 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors 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 yield of 2.5%. The ex-dividend date of this dividend is Thursday, May 14th. Expand Energy’s dividend payout ratio is presently 17.15%.

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.