Tejara Capital Ltd Takes Position in Expand Energy Corporation $EXE

Tejara Capital Ltd bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,400 shares of the company’s stock, valued at approximately $2,167,000. Expand Energy makes up approximately 1.1% of Tejara Capital Ltd’s investment portfolio, making the stock its 29th largest position.

Other large investors have also modified their holdings of the company. Focus Partners Advisor Solutions LLC acquired a new position in Expand Energy in the 2nd quarter worth approximately $209,000. Nordea Investment Management AB lifted its stake in shares of Expand Energy by 52.0% in the 2nd 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 period. Allspring Global Investments Holdings LLC boosted its stake in shares of Expand Energy by 6.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,136 shares of the company’s stock worth $1,127,000 after acquiring an additional 587 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock worth $6,211,000 after purchasing an additional 5,020 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Expand Energy during the 2nd quarter worth approximately $3,347,000. Institutional investors own 97.93% of the company’s stock.

Wall Street Analysts Forecast Growth

EXE has been the subject of several research analyst reports. William Blair initiated coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating for the company. Piper Sandler dropped their target price on Expand Energy from $138.00 to $137.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho boosted their target price on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Stephens decreased their price target 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. Finally, Sanford C. Bernstein decreased their price objective on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and a consensus price target of $130.29.

Expand Energy Stock Up 2.3%

EXE stock opened at $112.41 on Friday. Expand Energy Corporation has a fifty-two week low of $91.01 and a fifty-two week high of $126.62. The company’s 50 day moving average price is $110.86 and its 200 day moving average price is $105.63. The firm has a market capitalization of $26.77 billion, a price-to-earnings ratio of 31.93 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.

About Expand Energy

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.