Cwm LLC Boosts Holdings in Expand Energy Corporation $EXE

Cwm LLC increased its stake in Expand Energy Corporation (NASDAQ:EXE) by 1,066.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,227 shares of the company’s stock after buying an additional 33,120 shares during the period. Cwm LLC’s holdings in Expand Energy were worth $3,849,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Uncommon Cents Investing LLC lifted its position in Expand Energy by 6.0% during the 2nd 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 during the period. Parkside Financial Bank & Trust increased its stake 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 in the last quarter. Essex Savings Bank lifted its holdings in shares of Expand Energy by 5.3% during the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after purchasing an additional 121 shares during the last quarter. Signaturefd LLC boosted 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 in the last quarter. Finally, Florida Financial Advisors LLC grew its stake in shares of Expand Energy by 6.5% in the 2nd quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after buying an additional 136 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Performance

Shares of NASDAQ EXE opened at $110.36 on Friday. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 31.35 and a beta of 0.46. 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 firm has a 50 day moving average of $113.01 and a 200 day moving average of $106.82.

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

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a dividend of $0.575 per share. The ex-dividend date was Thursday, November 13th. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EXE shares. Citigroup lifted their price target on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Piper Sandler raised their price objective on shares of Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. Scotiabank reaffirmed an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Jefferies Financial Group dropped their target price on shares of 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, Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Expand Energy presently has an average rating of “Moderate Buy” and an average 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.