UniSuper Management Pty Ltd Has $3.08 Million Stock Position in Expand Energy Corporation $EXE

UniSuper Management Pty Ltd increased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,032 shares of the company’s stock after acquiring an additional 5,576 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Expand Energy were worth $3,084,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EXE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Expand Energy in the first quarter worth about $2,599,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $208,000. Focus Partners Wealth acquired a new stake in shares of Expand Energy during the 1st quarter worth approximately $205,000. Geneos Wealth Management Inc. bought a new stake in shares of Expand Energy during the first quarter worth approximately $79,000. Finally, Fifth Third Bancorp lifted its holdings in Expand Energy by 49.6% in the second quarter. Fifth Third Bancorp now owns 2,008 shares of the company’s stock valued at $235,000 after buying an additional 666 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Up 2.6%

NASDAQ:EXE opened at $112.36 on Tuesday. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The stock has a 50-day moving average price of $111.32 and a two-hundred day moving average price of $105.54. The stock has a market cap of $26.76 billion, a price-to-earnings ratio of 31.92 and a beta of 0.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

Expand Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.98 billion. As a group, equities analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on EXE shares. William Blair initiated coverage on shares of Expand Energy in a report on Tuesday, October 14th. They set an “outperform” rating for the company. Morgan Stanley raised their price target on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Expand Energy in a research note on Monday, December 29th. Finally, Jefferies Financial Group boosted their target price on Expand Energy from $140.00 to $143.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. One research analyst has 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, Expand Energy has an average rating of “Moderate Buy” and an average price target of $130.33.

Expand Energy Company 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.