Bank of New York Mellon Corp Raises Stock Holdings in Expand Energy Corporation $EXE

Bank of New York Mellon Corp boosted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 0.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,627,056 shares of the company’s stock after acquiring an additional 5,593 shares during the quarter. Bank of New York Mellon Corp’s holdings in Expand Energy were worth $279,098,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Assetmark Inc. boosted its position in shares of Expand Energy by 255.6% during the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock worth $30,000 after purchasing an additional 184 shares during the period. JFS Wealth Advisors LLC lifted its stake in Expand Energy by 125.9% during the second quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock worth $36,000 after purchasing an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Expand Energy by 374.3% during the second quarter. Cullen Frost Bankers Inc. now owns 332 shares of the company’s stock worth $39,000 after buying an additional 262 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Expand Energy in the third quarter valued at $47,000. Finally, CX Institutional acquired a new stake in shares of Expand Energy in the third quarter valued at $52,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stephens decreased their target price on Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley increased 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. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a report on Thursday, October 16th. Finally, UBS Group decreased their price target 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.29.

Expand Energy Stock Up 0.2%

EXE stock opened at $109.90 on Friday. The company’s 50 day moving average price is $110.91 and its 200 day moving average price is $105.62. The firm has a market capitalization of $26.17 billion, a price-to-earnings ratio of 31.22 and a beta of 0.46. 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 debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81.

Expand Energy (NASDAQ:EXE) last posted its quarterly 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 company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $1.98 billion. On average, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

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.