Wealth High Governance Capital Ltda Grows Stock Position in Expand Energy Corporation $EXE

Wealth High Governance Capital Ltda grew its stake in Expand Energy Corporation (NASDAQ:EXE) by 222.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,001 shares of the company’s stock after buying an additional 165,601 shares during the period. Expand Energy accounts for about 7.3% of Wealth High Governance Capital Ltda’s holdings, making the stock its 3rd biggest holding. Wealth High Governance Capital Ltda owned 0.10% of Expand Energy worth $25,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Expand Energy by 2.4% in the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock valued at $2,965,510,000 after acquiring an additional 646,330 shares during the last quarter. Capital Research Global Investors raised its holdings in Expand Energy by 161.5% during the 3rd quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after purchasing an additional 9,856,576 shares during the last quarter. Geode Capital Management LLC lifted its position 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 purchasing an additional 170,222 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 purchasing an additional 740,502 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Expand Energy by 16.5% in the 3rd quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock valued at $463,140,000 after purchasing an additional 619,001 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXE has been the subject of several recent analyst reports. Stephens increased their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Benchmark boosted their target price on shares of Expand Energy from $112.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, March 5th. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 19th. Finally, Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Expand Energy presently has a consensus rating of “Buy” and a consensus price target of $131.17.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired 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 of the company’s stock, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Expand Energy Trading Up 0.8%

Shares of NASDAQ:EXE traded up $0.87 during mid-day trading on Friday, hitting $108.70. The company had a trading volume of 505,480 shares, compared to its average volume of 3,715,693. 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 one year low of $91.01 and a one year high of $126.62. The firm has a fifty day moving average price of $105.96 and a 200 day moving average price of $106.89. The company has a market capitalization of $26.13 billion, a PE ratio of 14.40 and a beta of 0.47.

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

Expand Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.575 dividend. The ex-dividend date 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 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.