Robeco Institutional Asset Management B.V. lifted its stake in Expand Energy Corporation (NASDAQ:EXE – Free Report) by 413.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,237 shares of the company’s stock after purchasing an additional 135,449 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Expand Energy were worth $14,147,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Expand Energy during the second quarter valued at $27,000. SJS Investment Consulting Inc. grew its holdings in Expand Energy by 379.6% during the first quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares during the period. Ascentis Independent Advisors bought a new stake in Expand Energy during the 1st quarter worth approximately $32,000. N.E.W. Advisory Services LLC bought a new position in shares of Expand Energy in the second quarter worth about $32,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Expand Energy during the second quarter valued at approximately $33,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
Expand Energy Stock Performance
NASDAQ:EXE opened at $93.23 on Friday. The firm has a market capitalization of $21.58 billion, a price-to-earnings ratio of 11.43 and a beta of 0.41. Expand Energy Corporation has a 1-year low of $83.25 and a 1-year high of $126.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50-day moving average is $92.32 and its two-hundred day moving average is $92.92.
Expand Energy (NASDAQ:EXE – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. Analysts forecast that Expand Energy Corporation will post 8.59 EPS for the current year.
Expand Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were given a dividend of $0.5750 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, August 13th. Expand Energy’s payout ratio is presently 19.86%.
Analyst Ratings Changes
Several analysts have recently issued reports on EXE shares. Citigroup decreased their target price on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Morgan Stanley decreased their price objective on shares of Expand Energy from $129.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Freedom Broker upgraded Expand Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Wolfe Research reissued an “outperform” rating and issued a $114.00 price objective on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group lowered their price target on shares of Expand Energy from $143.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.11.
Check Out Our Latest Report on Expand Energy
Expand Energy Profile
Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.
Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.
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