Expand Energy Corporation $EXE Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its stake in Expand Energy Corporation (NASDAQ:EXE) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,865 shares of the company’s stock after purchasing an additional 9,720 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Expand Energy were worth $11,041,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hara Capital LLC grew its stake in Expand Energy by 3.3% in the third quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock worth $334,000 after purchasing an additional 100 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock worth $227,000 after buying an additional 110 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Expand Energy by 16.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock worth $91,000 after acquiring an additional 112 shares in the last quarter. New Wave Wealth Advisors LLC grew its position in shares of Expand Energy by 3.1% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $445,000 after acquiring an additional 127 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Expand Energy by 5.6% in the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock valued at $296,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Analysts Set New Price Targets

EXE has been the topic of several research analyst reports. Barclays reduced their price objective on Expand Energy from $136.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley raised their price target on shares of Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. UBS Group lowered their price objective on shares of Expand Energy from $154.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Stephens dropped their price objective on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, Scotiabank reissued an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Expand Energy Price Performance

EXE stock opened at $109.49 on Monday. The stock has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.46. The firm’s 50-day simple moving average is $111.42 and its 200 day simple moving average is $105.49. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

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

Expand Energy Company 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.