Aperture Investors LLC Purchases 35,584 Shares of Expand Energy Corporation $EXE

Aperture Investors LLC grew its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 205.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,894 shares of the company’s stock after acquiring an additional 35,584 shares during the period. Aperture Investors LLC’s holdings in Expand Energy were worth $6,185,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EXE. Uncommon Cents Investing LLC boosted its position in shares of Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Expand Energy by 16.8% in the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares during the period. Essex Savings Bank lifted its stake in Expand Energy by 5.3% in the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after buying an additional 121 shares during the period. Signaturefd LLC boosted its holdings in shares of Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after buying an additional 134 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Expand Energy by 1.0% during the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after buying an additional 162 shares during the period. 97.93% of the stock is owned by institutional investors.

Expand Energy Price Performance

EXE stock opened at $117.46 on Wednesday. The company has a market capitalization of $27.98 billion, a P/E ratio of 33.37 and a beta of 0.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The business has a 50-day simple moving average of $111.16 and a two-hundred day simple moving average of $107.33.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Research analysts expect that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is presently 65.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Roth Capital cut shares of Expand Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $125.00 to $98.00 in a report on Monday, August 18th. Morgan Stanley increased their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 1st. UBS Group increased their price target on Expand Energy from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Expand Energy currently has an average rating of “Moderate Buy” and a consensus price target of $128.32.

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.