Expand Energy Corporation $EXE Shares Purchased by Ninepoint Partners LP

Ninepoint Partners LP raised its position in Expand Energy Corporation (NASDAQ:EXE) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 900,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Expand Energy comprises about 12.6% of Ninepoint Partners LP’s investment portfolio, making the stock its largest position. Ninepoint Partners LP’s holdings in Expand Energy were worth $95,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXE. Allianz Asset Management GmbH grew its holdings in shares of Expand Energy by 12.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock worth $12,838,000 after purchasing an additional 13,670 shares during the period. Focus Partners Advisor Solutions LLC acquired a new position in Expand Energy during the second quarter valued at approximately $209,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Expand Energy by 10.4% during the second 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 buying an additional 5,020 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Expand Energy during the second quarter worth approximately $3,347,000. Finally, Candriam S.C.A. increased its position in shares of Expand Energy by 59.0% in the third quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock worth $3,272,000 after acquiring an additional 11,428 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on EXE. UBS Group reduced their target price on shares of Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday. Stephens raised their price objective on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Mizuho upped 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. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Sanford C. Bernstein reduced their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Two equities 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. According to MarketBeat.com, Expand Energy currently has a consensus rating of “Buy” and a consensus price target of $129.92.

Expand Energy Stock Performance

NASDAQ:EXE opened at $107.92 on Friday. The firm has a 50-day moving average of $106.50 and a two-hundred day moving average of $106.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $25.94 billion, a P/E ratio of 14.31 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 released its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio is 30.50%.

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.