Carlson Capital L.P. Acquires New Position in Expand Energy Corporation $EXE

Carlson Capital L.P. bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,800 shares of the company’s stock, valued at approximately $510,000.

A number of other hedge funds have also bought and sold shares of EXE. Vanguard Group Inc. lifted its stake in shares of Expand Energy by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock worth $3,188,600,000 after buying an additional 559,887 shares during the period. Geode Capital Management LLC raised its stake in Expand Energy by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock worth $677,029,000 after acquiring an additional 170,222 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Expand Energy by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after acquiring an additional 740,502 shares during the period. AGF Management Ltd. grew its stake in Expand Energy by 6.2% during 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 last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Expand Energy by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock valued at $329,646,000 after purchasing an additional 157,363 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Expand Energy Price Performance

NASDAQ:EXE opened at $110.37 on Friday. 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 company has a 50 day moving average price of $109.89 and a 200-day moving average price of $105.73. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $126.62. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 31.36 and a beta of 0.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler decreased their target price on Expand Energy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Citigroup raised their price target on shares of Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. William Blair initiated coverage on shares of Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 29th. Finally, Morgan Stanley upped their price target on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Expand Energy presently has a consensus rating of “Moderate Buy” and an average target price 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.