Expand Energy Corporation $EXE Shares Bought by Ninepoint Partners LP

Ninepoint Partners LP grew its position in Expand Energy Corporation (NASDAQ:EXE) by 12.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Expand Energy comprises 12.6% of Ninepoint Partners LP’s portfolio, making the stock its largest holding. Ninepoint Partners LP owned 0.38% of Expand Energy worth $95,616,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Phoenix Financial Ltd. purchased a new stake in Expand Energy in the 3rd quarter valued at approximately $169,783,000. 59 North Capital Management LP purchased a new stake in shares of Expand Energy in the second quarter valued at approximately $102,949,000. Pacer Advisors Inc. grew its holdings in Expand Energy by 4,719.7% during the third quarter. Pacer Advisors Inc. now owns 821,571 shares of the company’s stock worth $87,284,000 after acquiring an additional 804,525 shares during the period. Massachusetts Financial Services Co. MA raised its position in Expand Energy by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock worth $631,090,000 after acquiring an additional 740,502 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Expand Energy by 2.4% in the third quarter. Vanguard Group Inc. now owns 27,913,307 shares of the company’s stock worth $2,965,510,000 after acquiring an additional 646,330 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Price Performance

Shares of NASDAQ EXE opened at $107.92 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $106.50 and its 200 day moving average price is $106.11. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock has a market cap of $25.94 billion, a price-to-earnings ratio of 14.31 and a beta of 0.46.

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

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, March 5th. Expand Energy’s dividend payout ratio is 30.50%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EXE. Jefferies Financial Group restated a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research report on Thursday, February 19th. Benchmark reiterated a “buy” rating on shares of Expand Energy in a research note on Wednesday, February 18th. Mizuho boosted their price objective on shares of Expand Energy from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Piper Sandler lowered their target price on shares of Expand Energy from $138.00 to $137.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Finally, Barclays reduced their price target on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Expand Energy currently has a consensus rating of “Buy” and a consensus target price of $129.92.

Expand Energy 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.