National Pension Service Has $22.24 Million Holdings in Expand Energy Corporation $EXE

National Pension Service lessened its holdings in Expand Energy Corporation (NASDAQ:EXE) by 57.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,895 shares of the company’s stock after selling 325,063 shares during the period. National Pension Service’s holdings in Expand Energy were worth $22,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp lifted its holdings in shares of Expand Energy by 74.6% in the fourth quarter. Atlantic Union Bankshares Corp now owns 234 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company’s stock valued at $28,000 after purchasing an additional 205 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Expand Energy during the 4th quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new stake in shares of Expand Energy during the 1st quarter valued at approximately $32,000. Finally, Eastern Bank acquired a new position in Expand Energy during the 2nd quarter worth approximately $27,000. Institutional investors own 97.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark dropped their price objective on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Morgan Stanley decreased their target price on shares of Expand Energy from $131.00 to $129.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Citigroup lowered their price target on shares of Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wolfe Research reiterated an “outperform” rating and issued a $114.00 price target on shares of Expand Energy in a research note on Wednesday, July 29th. Finally, Roth Capital reissued a “neutral” rating and set a $93.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.16.

Expand Energy Stock Performance

Expand Energy stock opened at $94.83 on Friday. The business has a 50 day moving average of $93.58 and a 200-day moving average of $96.76. The company has a market capitalization of $21.95 billion, a P/E ratio of 8.19 and a beta of 0.34. Expand Energy Corporation has a 1 year low of $84.99 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.

Expand Energy (NASDAQ:EXE) last posted its 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. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.05 billion. On average, equities research analysts predict that Expand Energy Corporation will post 8.7 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Expand Energy’s payout ratio is 19.86%.

Expand Energy Company Profile

Expand Energy Corporation (NASDAQ: EXE) is an independent energy company focused on the exploration, development and production of natural gas, oil and natural gas liquids in the United States. The company’s operations are concentrated in major U.S. shale basins, including the Marcellus and Haynesville formations, and its products support domestic electricity generation, industrial activity and liquefied natural gas exports.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company.