Federated Hermes Inc. Cuts Holdings in Expand Energy Corporation $EXE

Federated Hermes Inc. lowered its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 97.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,997 shares of the company’s stock after selling 146,988 shares during the quarter. Federated Hermes Inc.’s holdings in Expand Energy were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Expand Energy by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,266,977 shares of the company’s stock valued at $3,188,600,000 after purchasing an additional 559,887 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Expand Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 5,812,172 shares of the company’s stock valued at $677,029,000 after purchasing an additional 170,222 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Expand Energy by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,396,701 shares of the company’s stock valued at $631,090,000 after buying an additional 740,502 shares in the last quarter. AGF Management Ltd. lifted its position in Expand Energy by 6.2% in the 2nd quarter. AGF Management Ltd. now owns 3,858,041 shares of the company’s stock worth $451,159,000 after buying an additional 224,275 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Expand Energy by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,818,936 shares of the company’s stock worth $329,646,000 after buying an additional 157,363 shares in the last quarter. 97.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on EXE shares. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research note on Thursday, October 16th. Benchmark reiterated a “buy” rating on shares of Expand Energy in a research report on Wednesday, January 14th. William Blair initiated coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating for the company. Sanford C. Bernstein reduced their price objective on Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Jefferies Financial Group boosted their target price on Expand Energy from $140.00 to $143.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $130.29.

Expand Energy Price Performance

EXE stock opened at $110.37 on Monday. The stock has a market capitalization of $26.29 billion, a price-to-earnings ratio of 31.36 and a beta of 0.46. The firm’s 50-day moving average price is $109.89 and its two-hundred day moving average price is $105.82. 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 Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

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.