Grantham Mayo Van Otterloo & Co. LLC Buys 33,700 Shares of Expand Energy Corporation $EXE

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 108.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,700 shares of the company’s stock after purchasing an additional 33,700 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Expand Energy were worth $6,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. grew its stake in Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after acquiring an additional 184 shares during the period. ESL Trust Services LLC bought a new stake in shares of Expand Energy during the third quarter valued at approximately $32,000. Smartleaf Asset Management LLC raised its position in shares of Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares during the period. Root Financial Partners LLC bought a new position in shares of Expand Energy in the 3rd quarter worth $47,000. Finally, CX Institutional bought a new position in shares of Expand Energy in the 3rd quarter worth $52,000. 97.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Sanford C. Bernstein decreased their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Stephens raised their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a report on Monday, February 23rd. Citigroup boosted their target price on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $130.38.

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $107.50 per share, with a total value of $215,000.00. Following the completion of the acquisition, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by insiders.

Expand Energy Stock Performance

NASDAQ EXE opened at $107.87 on Tuesday. The company has a fifty day moving average price of $106.19 and a 200-day moving average price of $106.80. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 14.31 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, equities research analysts predict that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is currently 30.50%.

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.