Expand Energy Corporation $EXE Shares Sold by Strs Ohio

Strs Ohio lessened its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 14.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 180,054 shares of the company’s stock after selling 31,178 shares during the period. Strs Ohio’s holdings in Expand Energy were worth $19,129,000 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 the business. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Expand Energy in the second quarter valued at $209,000. Nordea Investment Management AB increased its position in Expand Energy by 52.0% during the 2nd quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock worth $1,810,000 after purchasing an additional 5,234 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Expand Energy by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,136 shares of the company’s stock valued at $1,127,000 after purchasing an additional 587 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock valued at $6,211,000 after purchasing an additional 5,020 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Expand Energy during the 2nd quarter worth about $3,347,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. William Blair assumed coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They issued an “outperform” rating for the company. Morgan Stanley boosted their price target on Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stephens reduced their price target on Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a report on Thursday, October 16th. Finally, Benchmark reiterated a “buy” rating on shares of Expand Energy in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.33.

Expand Energy Price Performance

Shares of EXE opened at $109.49 on Friday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company’s fifty day moving average is $111.42 and its two-hundred day moving average is $105.49. The firm has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

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.