Assenagon Asset Management S.A. Has $181.30 Million Stake in Expand Energy Corporation $EXE

Assenagon Asset Management S.A. increased its stake in Expand Energy Corporation (NASDAQ:EXE) by 88.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,642,779 shares of the company’s stock after purchasing an additional 769,944 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.69% of Expand Energy worth $181,297,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXE. Gradient Investments LLC lifted its position in Expand Energy by 0.9% during the 4th quarter. Gradient Investments LLC now owns 17,498 shares of the company’s stock worth $1,931,000 after acquiring an additional 158 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Expand Energy by 21.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,109 shares of the company’s stock worth $2,643,000 after purchasing an additional 4,420 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Expand Energy by 7.2% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 3,159 shares of the company’s stock worth $337,000 after purchasing an additional 211 shares during the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Expand Energy during the 4th quarter worth about $283,000. Finally, Oliver Luxxe Assets LLC bought a new stake in Expand Energy during the 4th quarter valued at approximately $365,000. Institutional investors own 97.93% of the company’s stock.

Insider Transactions at Expand Energy

In other Expand Energy news, CEO Michael Wichterich acquired 2,000 shares of Expand Energy stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $107.50 per share, with a total value of $215,000.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

Expand Energy Trading Up 0.3%

Expand Energy stock opened at $107.64 on Tuesday. The business has a 50 day moving average price of $106.20 and a two-hundred day moving average price of $107.56. The company has a quick ratio of 1.01, a current 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 has a market cap of $25.88 billion, a price-to-earnings ratio of 14.28 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data 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. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. As a group, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXE. Jefferies Financial Group reaffirmed a “buy” rating and issued a $141.00 target price on shares of Expand Energy in a report on Thursday, February 19th. Barclays upped their price target on Expand Energy from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Wells Fargo & Company set a $123.00 price objective on shares of Expand Energy in a research note on Monday, February 23rd. Piper Sandler boosted their target price on shares of Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $131.27.

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.