Focus Partners Advisor Solutions LLC Has $912,000 Stock Position in Expand Energy Corporation $EXE

Focus Partners Advisor Solutions LLC raised its stake in Expand Energy Corporation (NASDAQ:EXE) by 354.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,120 shares of the company’s stock after buying an additional 6,333 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Expand Energy were worth $912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Phoenix Financial Ltd. bought a new stake in shares of Expand Energy during the third quarter worth $169,783,000. 59 North Capital Management LP acquired a new stake in shares of Expand Energy during the second quarter worth $102,949,000. Pacer Advisors Inc. lifted its position in Expand Energy by 4,719.7% in the 3rd quarter. Pacer Advisors Inc. now owns 821,571 shares of the company’s stock valued at $87,284,000 after acquiring an additional 804,525 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Expand Energy by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock valued at $631,090,000 after acquiring an additional 740,502 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Expand Energy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after purchasing an additional 646,330 shares during the period. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXE shares. Sanford C. Bernstein lowered their target price on Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Citigroup boosted their price target on Expand Energy from $118.00 to $125.00 and gave the company a “buy” rating in a report on Friday, December 19th. Piper Sandler reduced their price objective on Expand Energy from $137.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a $141.00 price objective on shares of Expand Energy in a report on Thursday, February 19th. Finally, TD Cowen raised Expand Energy to a “strong-buy” rating in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Expand Energy has a consensus rating of “Buy” and a consensus price target of $130.38.

Expand Energy Trading Up 0.2%

Shares of NASDAQ:EXE opened at $106.84 on Friday. The company’s 50-day moving average price is $106.27 and its two-hundred day moving average price is $106.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The stock has a market capitalization of $25.68 billion, a PE ratio of 14.17 and a beta of 0.47.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. On average, equities analysts forecast that Expand Energy Corporation will post 1.33 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $2.30 annualized dividend and a yield of 2.2%. Expand Energy’s dividend payout ratio is 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.