Allspring Global Investments Holdings LLC Has $1.13 Million Stock Holdings in Expand Energy Corporation $EXE

Allspring Global Investments Holdings LLC boosted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,136 shares of the company’s stock after purchasing an additional 587 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Expand Energy were worth $1,127,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EXE. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Expand Energy during the 1st quarter worth $3,757,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Expand Energy during the first quarter worth about $1,179,000. Wedbush Securities Inc. bought a new stake in Expand Energy during the 1st quarter worth approximately $210,000. Cambridge Investment Research Advisors Inc. bought a new stake in Expand Energy during the 1st quarter worth approximately $1,383,000. Finally, Bessemer Group Inc. acquired a new stake in Expand Energy during the 1st quarter worth approximately $75,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expand Energy

In other Expand Energy news, COO Joshua J. Viets bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $92.16 per share, with a total value of $184,320.00. Following the acquisition, the chief operating officer owned 61,676 shares of the company’s stock, valued at $5,684,060.16. The trade was a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, August 15th. The shares were acquired at an average cost of $95.86 per share, with a total value of $239,650.00. Following the acquisition, the chief executive officer directly owned 166,715 shares in the company, valued at approximately $15,981,299.90. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXE. Piper Sandler reduced their price target on shares of Expand Energy from $140.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 14th. Morgan Stanley reduced their target price on shares of Expand Energy from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Jefferies Financial Group dropped their price target on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Siebert Williams Shank reduced their price objective on Expand Energy from $142.00 to $128.00 in a research report on Wednesday, July 16th. Finally, Wolfe Research decreased their price objective on Expand Energy from $150.00 to $148.00 in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.62.

Expand Energy Price Performance

Shares of EXE opened at $104.39 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $99.99 and its 200 day simple moving average is $105.76. Expand Energy Corporation has a 1-year low of $82.69 and a 1-year high of $123.35. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 267.67 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a return on equity of 5.76% and a net margin of 2.41%. On average, research analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 14th. Expand Energy’s dividend payout ratio (DPR) is presently 589.74%.

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.