Expand Energy Corporation $EXE Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,309 shares of the company’s stock after acquiring an additional 16,377 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Expand Energy worth $16,288,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of EXE. Assetmark Inc. increased its holdings in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after purchasing an additional 184 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Expand Energy by 374.3% during the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock valued at $39,000 after buying an additional 262 shares during the period. Root Financial Partners LLC purchased a new position in Expand Energy in the third quarter valued at $47,000. Finally, CX Institutional purchased a new position in Expand Energy in the third quarter valued at $52,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

NASDAQ EXE opened at $108.82 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $111.16 and its 200-day simple moving average is $105.56. The company has a market cap of $25.92 billion, a PE ratio of 30.91 and a beta of 0.46. 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 quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%. As a group, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EXE has been the topic of several recent analyst reports. UBS Group lowered their target price on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Mizuho increased their price target on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Jefferies Financial Group boosted their price objective on Expand Energy from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Citigroup upped their target price on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, William Blair initiated coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.33.

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.