117,193 Shares in Expand Energy Corporation $EXE Bought by Trek Financial LLC

Trek Financial LLC bought a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 117,193 shares of the company’s stock, valued at approximately $9,855,000. Trek Financial LLC owned about 0.05% of Expand Energy as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EXE. Eastern Bank purchased a new stake in Expand Energy in the 2nd quarter valued at $27,000. Ascentis Independent Advisors purchased a new position in Expand Energy during the 1st quarter worth $32,000. N.E.W. Advisory Services LLC purchased a new position in Expand Energy during the 2nd quarter worth $32,000. Harbor Investment Advisory LLC bought a new stake in shares of Expand Energy in the 2nd quarter worth $33,000. Finally, Amplify Investments LLC bought a new stake in shares of Expand Energy in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein dropped their price target on shares of Expand Energy from $160.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Weiss Ratings downgraded shares of Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Mizuho decreased their price objective on shares of Expand Energy from $145.00 to $138.00 and set an “outperform” rating for the company in a research note on Tuesday, October 6th. Truist Financial lifted their target price on shares of Expand Energy from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup cut their target price on Expand Energy from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Expand Energy Stock Performance

NASDAQ EXE opened at $90.55 on Monday. The stock has a market capitalization of $20.91 billion, a price-to-earnings ratio of 7.85 and a beta of 0.40. Expand Energy Corporation has a one year low of $83.25 and a one year high of $126.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average is $91.95 and its 200-day moving average is $96.81.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.17. Expand Energy had a net margin of 19.78% and a return on equity of 10.69%. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.85 billion. Equities research analysts predict that Expand Energy Corporation will post 8.69 EPS for the current year.

Expand Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a $0.5750 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, November 12th. Expand Energy’s payout ratio is presently 19.93%.

About Expand Energy

Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.