Northwestern Mutual Wealth Management Co. Has $267.17 Million Holdings in Expand Energy Corporation $EXE

Northwestern Mutual Wealth Management Co. grew its stake in Expand Energy Corporation (NASDAQ:EXE) by 36,574.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,420,912 shares of the company’s stock after buying an additional 2,414,311 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Expand Energy were worth $267,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Expand Energy by 2.4% in the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after buying an additional 646,330 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Expand Energy by 161.5% in the third quarter. Capital Research Global Investors now owns 15,959,335 shares of the company’s stock worth $1,695,520,000 after buying an additional 9,856,576 shares during the last quarter. State Street Corp lifted its position in shares of Expand Energy by 8.3% in the third quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after buying an additional 1,014,484 shares during the last quarter. Invesco Ltd. lifted its position in shares of Expand Energy by 16.5% in the third quarter. Invesco Ltd. now owns 4,359,372 shares of the company’s stock worth $463,140,000 after buying an additional 619,001 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Expand Energy by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,279,315 shares of the company’s stock worth $242,166,000 after purchasing an additional 10,597 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Insider Activity at Expand Energy

In related news, CFO Marcel Teunissen acquired 2,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the purchase, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This trade represents a 28.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Wichterich acquired 2,000 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average price 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 in the company, valued at approximately $8,976,035. This trade represents a 2.45% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EXE shares. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research report on Thursday, April 2nd. Morgan Stanley reissued an “overweight” rating on shares of Expand Energy in a research report on Friday, March 27th. Benchmark boosted their price objective on Expand Energy from $112.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Piper Sandler boosted their price objective on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Finally, UBS Group boosted their price objective on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Expand Energy currently has a consensus rating of “Moderate Buy” and an average price target of $132.09.

Expand Energy Trading Down 0.0%

Shares of EXE opened at $96.69 on Friday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of 7.21 and a beta of 0.36. The stock’s 50-day moving average price is $102.19 and its 200 day moving average price is $107.08.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.22. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%.The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, research analysts predict that Expand Energy Corporation will post 8.87 earnings per share for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, May 14th. Expand Energy’s dividend payout ratio is currently 17.15%.

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.