Expand Energy Corporation $EXE Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,840 shares of the company’s stock after buying an additional 13,670 shares during the quarter. Allianz Asset Management GmbH’s holdings in Expand Energy were worth $12,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC purchased a new position in shares of Expand Energy during the 2nd quarter valued at $209,000. Nordea Investment Management AB boosted its position in Expand Energy by 52.0% during the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock valued at $1,810,000 after purchasing an additional 5,234 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Expand Energy by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,136 shares of the company’s stock valued at $1,127,000 after purchasing an additional 587 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Expand Energy by 10.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock valued at $6,211,000 after purchasing an additional 5,020 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Expand Energy in the second quarter valued at about $3,347,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXE has been the subject of a number of recent research reports. Stephens cut their price target on Expand Energy from $143.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Citigroup increased their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Jefferies Financial Group raised their price objective on shares of Expand Energy from $140.00 to $143.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Morgan Stanley boosted their target price 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. Finally, Piper Sandler dropped their price target on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

Expand Energy Stock Up 0.9%

EXE opened at $110.37 on Friday. The firm has a market cap of $26.29 billion, a P/E ratio of 31.36 and a beta of 0.46. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50 day moving average price of $109.89 and a 200 day moving average price of $105.77. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62.

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.