Sanders Morris Harris LLC acquired a new stake in Expand Energy Corporation (NASDAQ:EXE – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,255 shares of the company’s stock, valued at approximately $541,000.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Expand Energy during the second quarter worth $1,778,004,000. Oaktree Capital Management LP grew its position in Expand Energy by 3.5% in the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after purchasing an additional 175,114 shares in the last quarter. Bank of New York Mellon Corp grew its position in Expand Energy by 94.7% in the first quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock valued at $493,890,000 after purchasing an additional 2,188,422 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Expand Energy by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock valued at $270,838,000 after purchasing an additional 166,407 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Expand Energy by 9.9% in the 1st quarter. Bank of America Corp DE now owns 1,921,098 shares of the company’s stock valued at $210,898,000 after buying an additional 173,503 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on EXE. Weiss Ratings cut shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Morgan Stanley reduced their price objective on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. The Goldman Sachs Group increased their price objective on shares of Expand Energy from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Raymond James Financial decreased their price objective on Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating for the company in a report on Monday, October 5th. Finally, Mizuho lowered their target price on Expand Energy from $145.00 to $138.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Expand Energy has an average rating of “Moderate Buy” and a consensus target price of $123.26.
Expand Energy Trading Down 1.4%
Shares of Expand Energy stock opened at $91.11 on Thursday. Expand Energy Corporation has a 12-month low of $83.25 and a 12-month high of $126.62. The stock has a market cap of $21.09 billion, a P/E ratio of 11.36 and a beta of 0.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $92.67 and its 200-day moving average is $93.57.
Expand Energy (NASDAQ:EXE – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Expand Energy had a return on equity of 10.33% and a net margin of 20.46%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Equities research analysts predict that Expand Energy Corporation will post 8.59 earnings per share for the current fiscal year.
Expand Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.5750 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, August 13th. Expand Energy’s payout ratio is presently 19.86%.
Expand Energy Company Profile
Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company’s operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.
Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.
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