AGF Management Ltd. Decreases Stake in Expand Energy Corporation $EXE

AGF Management Ltd. cut its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 97.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,354 shares of the company’s stock after selling 3,775,687 shares during the period. AGF Management Ltd.’s holdings in Expand Energy were worth $8,749,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXE. Vanguard Group Inc. lifted its stake in Expand Energy by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after acquiring an additional 559,887 shares during the period. Geode Capital Management LLC raised its holdings in shares of Expand Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after purchasing an additional 170,222 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Expand Energy by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock valued at $631,090,000 after purchasing an additional 740,502 shares during the period. 1832 Asset Management L.P. lifted its position in Expand Energy by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock valued at $329,646,000 after purchasing an additional 157,363 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Expand Energy by 4.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,099,148 shares of the company’s stock worth $245,474,000 after purchasing an additional 84,227 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EXE shares. Barclays lowered their price target on Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Expand Energy in a research report on Monday, December 29th. Mizuho raised their target price on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Finally, UBS Group lowered their price objective 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

Expand Energy Stock Performance

NASDAQ:EXE opened at $106.94 on Tuesday. The stock has a 50-day simple moving average of $110.67 and a two-hundred day simple moving average of $105.60. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The firm has a market capitalization of $25.47 billion, a PE ratio of 30.38 and a beta of 0.46.

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.