Meiji Yasuda Life Insurance Co Invests $649,000 in Expand Energy Corporation $EXE

Meiji Yasuda Life Insurance Co acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,113 shares of the company’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXE. Assetmark Inc. boosted its stake in Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares in the last quarter. ESL Trust Services LLC purchased a new position in shares of Expand Energy in the third quarter worth $32,000. Smartleaf Asset Management LLC lifted its stake in shares of Expand Energy by 85.0% during the third quarter. Smartleaf Asset Management LLC now owns 433 shares of the company’s stock worth $46,000 after buying an additional 199 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Expand Energy during the third quarter worth $47,000. Finally, CX Institutional purchased a new stake in shares of Expand Energy during the third quarter valued at $52,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXE. TD Cowen raised Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho boosted their price target on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Wells Fargo & Company set a $123.00 price objective on Expand Energy in a report on Monday, February 23rd. UBS Group reduced their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Finally, Piper Sandler cut their price objective on shares of Expand Energy from $137.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $130.38.

Expand Energy Stock Up 0.2%

EXE stock opened at $106.84 on Monday. The firm’s fifty day moving average is $106.27 and its 200 day moving average is $106.72. The firm has a market cap of $25.68 billion, a PE ratio of 14.17 and a beta of 0.47. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.01.

Expand Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, February 17th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.11. Expand Energy had a net margin of 15.00% and a return on equity of 8.17%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. On average, research analysts forecast that Expand Energy Corporation will post 1.33 EPS 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 given a dividend of $0.575 per share. The ex-dividend date is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy’s dividend payout ratio is currently 30.50%.

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.