State of Michigan Retirement System Has $7.88 Million Position in Expand Energy Corporation $EXE

State of Michigan Retirement System grew its stake in Expand Energy Corporation (NASDAQ:EXE) by 8.0% in the third quarter, HoldingsChannel.com reports. The fund owned 74,200 shares of the company’s stock after acquiring an additional 5,500 shares during the period. State of Michigan Retirement System’s holdings in Expand Energy were worth $7,883,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXE. Envestnet Asset Management Inc. grew its holdings in Expand Energy by 11.8% during the third quarter. Envestnet Asset Management Inc. now owns 133,929 shares of the company’s stock valued at $14,229,000 after purchasing an additional 14,147 shares during the period. Hartford Investment Management Co. boosted its position in shares of Expand Energy by 6.6% during the third quarter. Hartford Investment Management Co. now owns 13,983 shares of the company’s stock worth $1,486,000 after purchasing an additional 865 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Expand Energy by 12.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 120,840 shares of the company’s stock valued at $12,838,000 after buying an additional 13,670 shares during the period. Jones Financial Companies Lllp increased its position in shares of Expand Energy by 36.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,777 shares of the company’s stock valued at $294,000 after buying an additional 737 shares in the last quarter. Finally, ESL Trust Services LLC bought a new stake in shares of Expand Energy in the 3rd quarter valued at $32,000. Institutional investors own 97.93% of the company’s stock.

Expand Energy News Roundup

Here are the key news stories impacting Expand Energy this week:

• Positive Sentiment: Company reaffirmed its synergy, capital and operating outlook for Q4 and full-year 2025 and set a date to report results (Feb 17) and host a conference call (Feb 18), which provides near-term transparency for investors. Press release / Quiver summary
• Positive Sentiment: The board appointed Michael Wichterich — an experienced industry executive and the company’s chairman who previously served as interim CEO — which may limit disruption and preserve strategic continuity during the CEO search. Reuters: Interim CEO & relocation
• Positive Sentiment: Natural-gas fundamentals tightened after a record 360 Bcf storage draw, supporting a bullish commodity backdrop that can help EXE’s revenue and margins if prices sustain. Zacks: gas draw analysis
• Neutral Sentiment: Analysts trimmed price targets for EXE but largely retained buy/overweight ratings — reducing upside expectations but keeping institutional support intact. This suggests measured confidence rather than a wholesale downgrade. MSN: analysts cut targets
• Negative Sentiment: Sudden CEO departure and the announced relocation of the corporate HQ to Houston have stoked governance and strategy concerns — critics argue the move is unnecessary given key profitable operations elsewhere and call for board changes, adding near-term uncertainty. Seeking Alpha: calls for new board
• Negative Sentiment: Unusually large put-option activity (about 24,993 puts traded, ~262% above typical volume) signals elevated bearish bets and hedging, which can amplify downward pressure on the stock near-term.

Expand Energy Price Performance

Shares of EXE opened at $103.24 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.28. Expand Energy Corporation has a twelve month low of $91.01 and a twelve month high of $126.62. The stock has a market capitalization of $24.59 billion, a P/E ratio of 29.33 and a beta of 0.46. The company has a 50 day moving average of $109.52 and a 200-day moving average of $105.84.

Analyst Ratings Changes

Several research analysts have weighed in on EXE shares. UBS Group reduced their target price on Expand Energy from $154.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Citigroup raised their price target on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wells Fargo & Company upgraded Expand Energy to a “hold” rating in a report on Thursday, October 16th. 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 research note on Monday, January 5th. Finally, Benchmark restated a “buy” rating on shares of Expand Energy in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Expand Energy presently has an average rating of “Moderate Buy” and a consensus price target of $130.29.

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.