Focus Partners Advisor Solutions LLC Purchases 6,333 Shares of Expand Energy Corporation $EXE

Focus Partners Advisor Solutions LLC boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 354.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,120 shares of the company’s stock after acquiring an additional 6,333 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Expand Energy were worth $912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its stake in Expand Energy by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after acquiring an additional 13,670 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Expand Energy by 10.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after acquiring an additional 5,020 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Expand Energy during the 2nd quarter valued at $3,347,000. Candriam S.C.A. lifted its stake in shares of Expand Energy by 59.0% in the 3rd quarter. Candriam S.C.A. now owns 30,794 shares of the company’s stock valued at $3,272,000 after purchasing an additional 11,428 shares during the period. Finally, AGF Management Ltd. lifted its stake in shares of Expand Energy by 6.2% in the 2nd quarter. AGF Management Ltd. now owns 3,858,041 shares of the company’s stock valued at $451,159,000 after purchasing an additional 224,275 shares during the period. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Price Performance

Shares of EXE stock opened at $106.84 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62. The firm has a fifty day moving average of $106.27 and a 200-day moving average of $106.63. The firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.17 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, equities research analysts forecast that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio is 30.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EXE. Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Stephens increased their target price on Expand Energy from $145.00 to $146.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Wells Fargo & Company set a $123.00 target price on Expand Energy in a report on Monday, February 23rd. TD Cowen upgraded Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Sanford C. Bernstein lowered their price target on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $130.38.

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.