Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Expand Energy Corporation $EXE

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Expand Energy Corporation (NASDAQ:EXE) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 529,504 shares of the company’s stock after purchasing an additional 56,155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Expand Energy were worth $56,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hara Capital LLC grew its holdings in Expand Energy by 3.3% in the 3rd quarter. Hara Capital LLC now owns 3,145 shares of the company’s stock valued at $334,000 after buying an additional 100 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Expand Energy by 5.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,184 shares of the company’s stock valued at $232,000 after acquiring an additional 108 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Expand Energy by 16.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 778 shares of the company’s stock valued at $91,000 after acquiring an additional 112 shares during the last quarter. New Wave Wealth Advisors LLC grew its holdings in shares of Expand Energy by 3.1% in the third quarter. New Wave Wealth Advisors LLC now owns 4,193 shares of the company’s stock valued at $445,000 after purchasing an additional 127 shares during the period. Finally, Florida Financial Advisors LLC increased its position in Expand Energy by 6.5% during the second quarter. Florida Financial Advisors LLC now owns 2,241 shares of the company’s stock worth $256,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Up 1.5%

NASDAQ:EXE opened at $107.92 on Friday. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62. The stock’s fifty day moving average is $106.50 and its two-hundred day moving average is $106.18. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 14.31 and a beta of 0.46. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, March 5th. Expand Energy’s dividend payout ratio is currently 30.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Sanford C. Bernstein cut their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. UBS Group decreased their price objective on Expand Energy from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Wells Fargo & Company set a $123.00 price objective on Expand Energy in a research report on Monday, February 23rd. Finally, TD Cowen raised Expand Energy to a “strong-buy” rating in a research note on Monday, February 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $129.92.

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.