Principal Financial Group Inc. Sells 18,307 Shares of Expand Energy Corporation $EXE

Principal Financial Group Inc. cut its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 540,679 shares of the company’s stock after selling 18,307 shares during the period. Principal Financial Group Inc.’s holdings in Expand Energy were worth $57,442,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EXE. Hara Capital LLC raised its position in shares of Expand Energy by 3.3% in the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after purchasing an additional 100 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Expand Energy by 16.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after purchasing an additional 112 shares in the last quarter. New Wave Wealth Advisors LLC raised its holdings in shares of Expand Energy by 3.1% in the third quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock worth $445,000 after buying an additional 127 shares during the last quarter. Florida Financial Advisors LLC lifted its stake in shares of Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after buying an additional 136 shares during the period. Finally, Chilton Capital Management LLC grew its holdings in shares of Expand Energy by 21.1% during the third quarter. Chilton Capital Management LLC now owns 791 shares of the company’s stock valued at $84,000 after buying an additional 138 shares during the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Performance

EXE opened at $109.19 on Thursday. Expand Energy Corporation has a 52-week low of $91.01 and a 52-week high of $126.62. The firm’s fifty day simple moving average is $110.33 and its two-hundred day simple moving average is $105.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 31.02 and a beta of 0.46.

Analyst Ratings Changes

EXE has been the topic of several research reports. Mizuho increased their price target on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a research note on Thursday, October 9th. Sanford C. Bernstein lowered their target price on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Benchmark reaffirmed a “buy” rating on shares of Expand Energy in a report on Wednesday, January 14th. Finally, Barclays reduced their price target on Expand Energy from $136.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.29.

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.