Edgestream Partners L.P. Buys Shares of 28,624 Expand Energy Corporation $EXE

Edgestream Partners L.P. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,624 shares of the company’s stock, valued at approximately $3,347,000.

Several other hedge funds and other institutional investors have also modified their holdings of EXE. Uncommon Cents Investing LLC raised its stake in Expand Energy by 6.0% during the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after acquiring an additional 110 shares during the period. Parkside Financial Bank & Trust grew its holdings 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 valued at $91,000 after purchasing an additional 112 shares during the last quarter. Essex Savings Bank raised its position in shares of Expand Energy by 5.3% during the 2nd quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock worth $283,000 after purchasing an additional 121 shares during the period. Signaturefd LLC raised its position in shares of Expand Energy by 5.6% during the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after purchasing an additional 134 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Expand Energy by 1.0% in the 2nd quarter. US Bancorp DE now owns 16,866 shares of the company’s stock worth $1,972,000 after purchasing an additional 162 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on EXE. KeyCorp dropped their target price on Expand Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Morgan Stanley upped their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on shares of Expand Energy from $131.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Roth Capital cut shares of Expand Energy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $125.00 to $98.00 in a research report on Monday, August 18th. Finally, Scotiabank restated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.32.

Expand Energy Stock Performance

Shares of EXE opened at $122.89 on Thursday. The firm has a market capitalization of $29.27 billion, a PE ratio of 34.91 and a beta of 0.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $109.99 and a 200 day moving average price of $107.23. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $123.35.

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

Expand Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, November 13th. Expand Energy’s dividend payout ratio is 65.34%.

Expand Energy Company 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.