Envestnet Asset Management Inc. Purchases 14,147 Shares of Expand Energy Corporation $EXE

Envestnet Asset Management Inc. increased its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 11.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,929 shares of the company’s stock after purchasing an additional 14,147 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Expand Energy worth $14,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Hara Capital LLC lifted its stake in Expand Energy by 3.3% during the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after acquiring an additional 100 shares during the period. Parkside Financial Bank & Trust raised 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. New Wave Wealth Advisors LLC lifted its position in Expand Energy by 3.1% during the third quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock valued at $445,000 after purchasing an additional 127 shares during the period. Florida Financial Advisors LLC boosted its holdings in Expand Energy by 6.5% in the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after purchasing an additional 136 shares during the last quarter. Finally, Chilton Capital Management LLC grew its position in Expand Energy by 21.1% in the 3rd quarter. Chilton Capital Management LLC now owns 791 shares of the company’s stock worth $84,000 after purchasing an additional 138 shares during the period. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Up 0.6%

Shares of EXE opened at $104.05 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 29.56 and a beta of 0.46. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The business’s 50 day simple moving average is $107.77 and its 200-day simple moving average is $105.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Benchmark restated a “buy” rating on shares of Expand Energy in a research note on Wednesday, January 14th. TD Cowen raised Expand Energy to a “strong-buy” rating in a report on Monday, February 9th. Mizuho raised their target price on Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Piper Sandler reduced their price target on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Finally, Barclays lowered their price objective on shares of Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and an average target price of $130.29.

Expand Energy 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.