BW Gestao de Investimentos Ltda. Increases Holdings in Expand Energy Corporation $EXE

BW Gestao de Investimentos Ltda. lifted its holdings in Expand Energy Corporation (NASDAQ:EXE) by 365.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,249 shares of the company’s stock after acquiring an additional 166,649 shares during the period. Expand Energy accounts for about 1.0% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 19th biggest holding. BW Gestao de Investimentos Ltda. owned approximately 0.09% of Expand Energy worth $22,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EXE. Assetmark Inc. lifted its holdings in Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares in the last quarter. ESL Trust Services LLC bought a new position in Expand Energy in the 3rd quarter worth approximately $32,000. Smartleaf Asset Management LLC grew its holdings in Expand Energy by 85.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock valued at $46,000 after buying an additional 199 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Expand Energy during the third quarter valued at approximately $47,000. Finally, CX Institutional bought a new stake in shares of Expand Energy during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Up 1.0%

Shares of EXE opened at $107.87 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 14.31 and a beta of 0.47. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The business’s 50 day simple moving average is $106.19 and its 200-day simple moving average is $106.80.

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

Expand Energy Announces Dividend

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

Insider Buying and Selling at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the acquisition, the chief executive officer directly owned 83,498 shares in the company, valued at approximately $8,976,035. This represents a 2.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXE shares. Piper Sandler dropped their target price on shares of Expand Energy from $137.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Citigroup lifted their price target on shares of Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wells Fargo & Company set a $123.00 price target on shares of Expand Energy in a research note on Monday, February 23rd. Finally, Barclays dropped their price objective on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $130.38.

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.