Expand Energy Corporation $EXE Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 213.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,985 shares of the company’s stock after purchasing an additional 102,820 shares during the quarter. Federated Hermes Inc. owned approximately 0.06% of Expand Energy worth $17,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EXE. Uncommon Cents Investing LLC raised its holdings in Expand Energy by 6.0% in the second quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after acquiring an additional 110 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Expand Energy by 16.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after acquiring an additional 112 shares in the last quarter. Essex Savings Bank grew its holdings in 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 acquiring an additional 121 shares in the last quarter. Signaturefd LLC increased its position in shares of Expand Energy by 5.6% in 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 last quarter. Finally, US Bancorp DE raised its stake 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 valued at $1,972,000 after purchasing an additional 162 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Expand Energy Stock Down 0.7%

Shares of Expand Energy stock opened at $116.69 on Thursday. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 33.15 and a beta of 0.45. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $111.31 and its 200-day simple moving average is $107.40.

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

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 target price (up previously from $146.00) on shares of Expand Energy in a research report on Thursday, September 11th. Roth Capital downgraded Expand Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $98.00 in a report on Monday, August 18th. Jefferies Financial Group reduced their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.32.

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.