Natixis Advisors LLC Sells 32,174 Shares of Expand Energy Corporation $EXE

Natixis Advisors LLC lowered its holdings in Expand Energy Corporation (NASDAQ:EXE) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,069 shares of the company’s stock after selling 32,174 shares during the period. Natixis Advisors LLC owned about 0.15% of Expand Energy worth $38,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Expand Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock valued at $2,965,510,000 after purchasing an additional 646,330 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Expand Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock worth $677,029,000 after buying an additional 170,222 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Expand Energy by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after buying an additional 740,502 shares during the last quarter. 1832 Asset Management L.P. grew its position in Expand Energy by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock valued at $329,646,000 after buying an additional 157,363 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Expand Energy by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,279,315 shares of the company’s stock valued at $242,166,000 after buying an additional 10,597 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Trading Up 1.0%

Shares of EXE opened at $107.87 on Tuesday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The business has a 50-day moving average of $106.19 and a 200 day moving average of $106.80. The firm has a market cap of $25.93 billion, a P/E ratio of 14.31 and a beta of 0.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

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

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio is presently 30.50%.

Insider Buying and Selling

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on EXE. TD Cowen raised shares of Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Citigroup increased their target price on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a report on Monday, February 23rd. Finally, Piper Sandler dropped their price objective on Expand Energy from $137.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $130.38.

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.