Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Expand Energy Corporation (NASDAQ:EXE – Free Report) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,817 shares of the company’s stock after selling 24,317 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Expand Energy worth $46,823,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Expand Energy by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,377 shares of the company’s stock worth $490,000 after acquiring an additional 105 shares during the period. QRG Capital Management Inc. lifted its position in shares of Expand Energy by 1.2% in the second quarter. QRG Capital Management Inc. now owns 10,361 shares of the company’s stock worth $945,000 after buying an additional 127 shares in the last quarter. North Dakota State Investment Board boosted its stake in Expand Energy by 1.9% during the third quarter. North Dakota State Investment Board now owns 6,891 shares of the company’s stock worth $579,000 after buying an additional 129 shares during the period. Parallel Advisors LLC grew its holdings in shares of Expand Energy by 8.8% in the first quarter. Parallel Advisors LLC now owns 1,906 shares of the company’s stock worth $209,000 after purchasing an additional 154 shares during the last quarter. Finally, Cidel Asset Management Inc. grew its holdings in Expand Energy by 2.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,054 shares of the company’s stock worth $734,000 after acquiring an additional 189 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.
Expand Energy Price Performance
Shares of EXE stock opened at $87.31 on Thursday. Expand Energy Corporation has a twelve month low of $83.25 and a twelve month high of $126.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $20.17 billion, a PE ratio of 10.43 and a beta of 0.40. The firm has a fifty day simple moving average of $91.54 and a 200-day simple moving average of $96.62.
Expand Energy (NASDAQ:EXE – Get Free Report) last issued its earnings results on Tuesday, October 27th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.17. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $2.85 billion. Equities research analysts anticipate that Expand Energy Corporation will post 8.69 earnings per share for the current fiscal year.
Expand Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.5750 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.6%. Expand Energy’s payout ratio is currently 19.93%.
Wall Street Analyst Weigh In
EXE has been the topic of several analyst reports. Mizuho cut their price target 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. Scotiabank assumed coverage on Expand Energy in a research report on Wednesday, October 14th. They set an “outperform” rating and a $111.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $117.00 price target on shares of Expand Energy in a research report on Tuesday, October 20th. William Blair began coverage on Expand Energy in a research note on Thursday, October 29th. They issued a “hold” rating on the stock. Finally, Citigroup dropped their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.
About Expand Energy
Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.
Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.
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