Texas Permanent School Fund Corp Sells 15,451 Shares of Expand Energy Corporation $EXE

Texas Permanent School Fund Corp lessened its stake in Expand Energy Corporation (NASDAQ:EXE) by 34.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,342 shares of the company’s stock after selling 15,451 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Expand Energy were worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of EXE. Uncommon Cents Investing LLC increased its stake in Expand Energy by 6.0% during the 2nd quarter. Uncommon Cents Investing LLC now owns 1,945 shares of the company’s stock valued at $227,000 after purchasing an additional 110 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Expand Energy by 16.8% during the second quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after buying an additional 112 shares during the last quarter. Essex Savings Bank increased its position in shares of Expand Energy by 5.3% during the second quarter. Essex Savings Bank now owns 2,420 shares of the company’s stock valued at $283,000 after acquiring an additional 121 shares in the last quarter. Signaturefd LLC raised its holdings in Expand Energy by 5.6% in the 2nd quarter. Signaturefd LLC now owns 2,530 shares of the company’s stock worth $296,000 after acquiring an additional 134 shares during the last quarter. Finally, Florida Financial Advisors LLC lifted its position in Expand Energy by 6.5% in the 2nd quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock valued at $256,000 after acquiring an additional 136 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Up 0.9%

Expand Energy stock opened at $108.74 on Friday. Expand Energy Corporation has a one year low of $91.01 and a one year high of $126.62. The stock has a fifty day moving average of $111.75 and a 200 day moving average of $107.15. 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 stock has a market cap of $25.90 billion, a PE ratio of 30.89 and a beta of 0.45.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, November 13th. Expand Energy’s payout ratio is 65.34%.

Analyst Ratings Changes

A number of analysts have commented on EXE shares. William Blair started coverage on Expand Energy in a report on Tuesday, October 14th. They issued an “outperform” rating for the company. Jefferies Financial Group dropped their price objective on Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. UBS Group boosted their target price on Expand Energy from $132.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Morgan Stanley upped their target price on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Wells Fargo & Company upgraded shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.44.

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.