SG Americas Securities LLC Sells 31,281 Shares of Expand Energy Corporation $EXE

SG Americas Securities LLC decreased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 46.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,365 shares of the company’s stock after selling 31,281 shares during the quarter. SG Americas Securities LLC’s holdings in Expand Energy were worth $3,863,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EXE. Vanguard Group Inc. lifted its stake in Expand Energy by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock worth $3,188,600,000 after acquiring an additional 559,887 shares during the period. 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 boosted its stake in shares of Expand Energy by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock valued at $631,090,000 after purchasing an additional 740,502 shares in the last quarter. AGF Management Ltd. increased its holdings in Expand Energy by 6.2% during the second quarter. AGF Management Ltd. now owns 3,858,041 shares of the company’s stock valued at $451,159,000 after buying an additional 224,275 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Expand Energy by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock worth $329,646,000 after buying an additional 157,363 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a research report on Thursday, October 9th. Barclays dropped their price objective on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Mizuho lifted their target price on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Finally, William Blair started coverage on shares of Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.28.

Expand Energy Trading Down 2.6%

Shares of NASDAQ:EXE opened at $101.63 on Monday. The business’s 50-day moving average is $113.45 and its 200 day moving average is $106.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The firm has a market capitalization of $24.21 billion, a P/E ratio of 28.87 and a beta of 0.46.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. On average, research analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s payout ratio is currently 65.34%.

About Expand Energy

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.