Perpetual Ltd Invests $1.04 Million in Expand Energy Corporation $EXE

Perpetual Ltd purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,784 shares of the company’s stock, valued at approximately $1,039,000.

Other large investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Expand Energy during the 1st quarter worth about $341,708,000. Ameriprise Financial Inc. purchased a new stake in shares of Expand Energy in the first quarter worth approximately $134,183,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of Expand Energy during the first quarter worth approximately $108,986,000. 59 North Capital Management LP purchased a new position in Expand Energy during the second quarter valued at approximately $102,949,000. Finally, Encompass Capital Advisors LLC acquired a new position in Expand Energy in the 1st quarter valued at approximately $96,581,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Price Performance

NASDAQ EXE opened at $108.74 on Monday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The stock’s 50-day moving average is $111.75 and its two-hundred day moving average is $107.00. The firm has a market cap of $25.90 billion, a P/E ratio of 30.89 and a beta of 0.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating 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 business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, 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 declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is currently 65.34%.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of research reports. KeyCorp decreased their target price on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Expand Energy in a research report on Monday, December 15th. Barclays dropped their target price on Expand Energy from $139.00 to $136.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Mizuho raised their price target on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus price target of $129.44.

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.