Stephens Investment Management Group LLC Has $80.49 Million Stake in Expand Energy Corporation $EXE

Stephens Investment Management Group LLC reduced its stake in Expand Energy Corporation (NASDAQ:EXE) by 10.9% during the third quarter, HoldingsChannel reports. The firm owned 757,576 shares of the company’s stock after selling 93,142 shares during the quarter. Expand Energy accounts for about 1.0% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 29th largest holding. Stephens Investment Management Group LLC’s holdings in Expand Energy were worth $80,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC bought a new stake in Expand Energy during the 2nd quarter worth $209,000. Nordea Investment Management AB raised its position in Expand Energy by 52.0% in the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock valued at $1,810,000 after purchasing an additional 5,234 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Expand Energy by 6.1% during the second 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of 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 worth $6,211,000 after purchasing an additional 5,020 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Expand Energy in the second quarter valued at approximately $3,347,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Trading Up 0.4%

NASDAQ:EXE opened at $99.88 on Friday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s fifty day moving average is $112.52 and its 200-day moving average is $105.59. The firm has a market cap of $23.79 billion, a P/E ratio of 28.38 and a beta of 0.46.

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

Expand Energy Announces Dividend

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. The ex-dividend date was Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.3%. Expand Energy’s dividend payout ratio is presently 65.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXE shares. Sanford C. Bernstein cut their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. William Blair initiated coverage on shares of Expand Energy in a research note on Tuesday, October 14th. They set an “outperform” rating for the company. Morgan Stanley boosted their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a report on Thursday, October 16th. Finally, Barclays lowered their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.83.

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.