Universal Beteiligungs und Servicegesellschaft mbH Buys 33,894 Shares of Expand Energy Corporation $EXE

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 99.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,866 shares of the company’s stock after purchasing an additional 33,894 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Expand Energy were worth $7,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Thornton Wealth Management LLC bought a new position in Expand Energy in the third quarter worth about $243,000. Root Financial Partners LLC purchased a new position in shares of Expand Energy in the 3rd quarter worth approximately $47,000. Verdence Capital Advisors LLC grew its position in shares of Expand Energy by 3.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,496 shares of the company’s stock worth $467,000 after buying an additional 158 shares during the last quarter. Allstate Corp bought a new position in shares of Expand Energy during the 3rd quarter worth approximately $898,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in Expand Energy during the third quarter valued at approximately $321,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EXE shares. UBS Group cut their price target on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Barclays lowered their price objective on Expand Energy from $136.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday. William Blair initiated coverage on Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Finally, Wells Fargo & Company raised Expand Energy to a “hold” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.33.

Expand Energy Price Performance

Expand Energy stock opened at $109.49 on Monday. The business’s 50-day simple moving average is $111.42 and its two-hundred day simple moving average is $105.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.46. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.98 billion. Equities analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

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

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.