Westpac Banking Corp Acquires Shares of 9,784 Expand Energy Corporation $EXE

Westpac Banking Corp bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,784 shares of the company’s stock, valued at approximately $1,039,000.

A number of other institutional investors have also modified their holdings of EXE. Hara Capital LLC boosted its stake in Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after purchasing an additional 100 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Expand Energy by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after buying an additional 108 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Expand Energy by 16.8% during the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after buying an additional 112 shares during the period. New Wave Wealth Advisors LLC grew its holdings in shares of Expand Energy by 3.1% during the third quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $445,000 after buying an additional 127 shares during the last quarter. Finally, Florida Financial Advisors LLC grew its holdings in shares of Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after buying an additional 136 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Trading Up 0.2%

Shares of EXE stock opened at $106.29 on Friday. The business’s fifty day moving average price is $106.52 and its 200 day moving average price is $106.04. The firm has a market capitalization of $25.55 billion, a PE ratio of 14.10 and a beta of 0.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62.

Expand Energy (NASDAQ:EXE) last released its earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, sell-side analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s payout ratio is currently 30.50%.

Analysts Set New Price Targets

Several analysts have commented on EXE shares. Weiss Ratings raised Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. UBS Group cut their price target on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday. Barclays decreased their price target on Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday. Stephens boosted their price objective on shares of Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Finally, Benchmark restated a “buy” rating on shares of Expand Energy in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $129.92.

Expand Energy 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.