Swiss Life Asset Management Ltd Has $4.45 Million Stake in Expand Energy Corporation $EXE

Swiss Life Asset Management Ltd raised its position in Expand Energy Corporation (NASDAQ:EXE) by 38.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,892 shares of the company’s stock after acquiring an additional 11,617 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Expand Energy were worth $4,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Expand Energy during the 1st quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in Expand Energy in the 1st quarter valued at about $208,000. Focus Partners Wealth bought a new position in Expand Energy during the first quarter worth about $205,000. Geneos Wealth Management Inc. acquired a new position in Expand Energy during the first quarter worth approximately $79,000. Finally, Cetera Investment Advisers increased its position in Expand Energy by 15.2% during the second quarter. Cetera Investment Advisers now owns 23,941 shares of the company’s stock worth $2,800,000 after buying an additional 3,166 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

Expand Energy stock opened at $107.32 on Monday. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of 14.23 and a beta of 0.47. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy Corporation has a 12 month low of $91.01 and a 12 month high of $126.62. The stock’s 50 day moving average is $106.11 and its 200-day moving average is $107.48.

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

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given 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 payout ratio is presently 30.50%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Jefferies Financial Group reissued a “buy” rating and set a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Sanford C. Bernstein dropped their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Citigroup lifted their price objective on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, TD Cowen upgraded shares of Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $131.27.

Insider Activity

In other Expand Energy news, CEO Michael Wichterich purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $107.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the chief executive officer owned 83,498 shares of the company’s stock, valued at approximately $8,976,035. The trade was a 2.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.