Brevan Howard Capital Management LP Purchases New Holdings in Expand Energy Corporation $EXE

Brevan Howard Capital Management LP purchased a new stake in Expand Energy Corporation (NASDAQ:EXE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 122,140 shares of the company’s stock, valued at approximately $14,283,000. Brevan Howard Capital Management LP owned approximately 0.05% of Expand Energy as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Expand Energy by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after purchasing an additional 559,887 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in Expand Energy during the first quarter worth $1,310,932,000. T. Rowe Price Investment Management Inc. bought a new stake in Expand Energy in the 1st quarter valued at $701,831,000. Geode Capital Management LLC raised its stake in shares of Expand Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after buying an additional 170,222 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Expand Energy in the 1st quarter valued at $624,083,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXE shares. Roth Capital lowered shares of Expand Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $98.00 in a research report on Monday, August 18th. Mizuho raised their price target on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler upped their price objective on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. Scotiabank reissued an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Price Performance

Shares of Expand Energy stock opened at $112.79 on Friday. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 32.04 and a beta of 0.45. The firm’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $107.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. On average, equities analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th were paid a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a yield of 2.0%. Expand Energy’s payout ratio is currently 65.34%.

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.