denkapparat Operations GmbH Buys Shares of 9,480 Expand Energy Corporation $EXE

denkapparat Operations GmbH purchased a new position in Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 9,480 shares of the company’s stock, valued at approximately $864,000.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of Expand Energy by 33.2% during the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company’s stock valued at $2,345,303,000 after purchasing an additional 5,291,948 shares in the last quarter. BlackRock Inc. bought a new stake in Expand Energy during the 2nd quarter worth approximately $1,778,004,000. State Street Corp increased its stake in Expand Energy by 8.3% during the 3rd quarter. State Street Corp now owns 13,183,560 shares of the company’s stock worth $1,400,621,000 after purchasing an additional 1,014,484 shares in the last quarter. Oaktree Capital Management LP increased its stake in Expand Energy by 3.5% during the 1st quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock worth $574,970,000 after purchasing an additional 175,114 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Expand Energy by 94.7% during the 1st quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after buying an additional 2,188,422 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Stock Down 0.3%

Shares of Expand Energy stock opened at $99.05 on Friday. The firm has a market cap of $22.93 billion, a PE ratio of 8.55 and a beta of 0.34. The business’s 50 day simple moving average is $92.69 and its 200 day simple moving average is $96.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Expand Energy Corporation has a 52-week low of $84.99 and a 52-week high of $126.62.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. On average, analysts predict that Expand Energy Corporation will post 8.84 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, August 13th. Expand Energy’s payout ratio is currently 19.86%.

Insider Activity at Expand Energy

In other Expand Energy news, CEO Michael Wichterich bought 1,000 shares of Expand Energy stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $88.90 per share, for a total transaction of $88,900.00. Following the completion of the acquisition, the chief executive officer owned 85,498 shares of the company’s stock, valued at $7,600,772.20. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Expand Energy from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley lowered their price objective on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Weiss Ratings lowered shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Roth Capital reaffirmed a “neutral” rating and issued a $93.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $114.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $126.89.

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.