WINTON GROUP Ltd Takes $3.15 Million Position in Expand Energy Corporation $EXE

WINTON GROUP Ltd acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the fourth quarter, Holdings Channel reports. The fund acquired 28,505 shares of the company’s stock, valued at approximately $3,146,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlantic Union Bankshares Corp grew its stake in shares of Expand Energy by 74.6% during the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Expand Energy by 350.9% during the fourth quarter. Rakuten Securities Inc. now owns 248 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the last quarter. Abound Wealth Management grew its stake in shares of Expand Energy by 890.0% during the fourth quarter. Abound Wealth Management now owns 297 shares of the company’s stock valued at $33,000 after buying an additional 267 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Expand Energy by 85.0% in the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after purchasing an additional 199 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Expand Energy by 54.5% in the fourth quarter. Assetmark Inc. now owns 414 shares of the company’s stock worth $46,000 after purchasing an additional 146 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Expand Energy Price Performance

NASDAQ EXE opened at $92.07 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $22.03 billion, a PE ratio of 6.87 and a beta of 0.33. Expand Energy Corporation has a 1 year low of $90.79 and a 1 year high of $126.62. The business’s 50-day moving average is $98.39 and its 200 day moving average is $105.42.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.22. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Expand Energy had a return on equity of 10.26% and a net margin of 22.53%. Sell-side analysts forecast that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, May 14th. Expand Energy’s payout ratio is presently 17.15%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. William Blair cut Expand Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. TD Cowen raised Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. KeyCorp reissued a “sector weight” rating on shares of Expand Energy in a research note on Thursday, April 2nd. Piper Sandler raised their target price on Expand Energy from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, UBS Group raised their target price on Expand Energy from $133.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and an average price target of $131.45.

Insider Activity at Expand Energy

In other news, CEO Michael Wichterich acquired 1,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average cost of $93.36 per share, with a total value of $93,360.00. Following the transaction, the chief executive officer owned 84,498 shares in the company, valued at $7,888,733.28. The trade was a 1.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Marcel Teunissen acquired 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $96.43 per share, for a total transaction of $192,860.00. Following the completion of the transaction, the chief financial officer owned 9,144 shares in the company, valued at approximately $881,755.92. This represents a 28.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.22% 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.