Osaic Holdings Inc. Boosts Holdings in Expand Energy Corporation $EXE

Osaic Holdings Inc. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 81.7% during the second quarter, HoldingsChannel reports. The firm owned 22,472 shares of the company’s stock after purchasing an additional 10,103 shares during the quarter. Osaic Holdings Inc.’s holdings in Expand Energy were worth $2,628,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Transamerica Financial Advisors LLC acquired a new position in Expand Energy in the 1st quarter worth $27,000. Quarry LP acquired a new stake in shares of Expand Energy during the first quarter valued at about $28,000. MAI Capital Management purchased a new stake in shares of Expand Energy during the first quarter worth about $30,000. Assetmark Inc. lifted its stake in shares of Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after acquiring an additional 184 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Expand Energy by 125.9% in the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after acquiring an additional 170 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXE. Raymond James Financial restated a “strong-buy” rating and set a $150.00 price objective (up from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Mizuho lifted their price target on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Expand Energy in a report on Monday, December 15th. UBS Group increased their price objective on shares of Expand Energy from $132.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Barclays dropped their target price on shares of Expand Energy from $139.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.44.

Expand Energy Stock Performance

Expand Energy stock opened at $109.49 on Friday. The company has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.45. The company has a fifty day moving average price of $112.56 and a two-hundred day moving average price of $106.90. 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 Corporation has a 12 month low of $91.01 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

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

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.