Empowered Funds LLC Grows Stock Holdings in Expand Energy Corporation $EXE

Empowered Funds LLC increased its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 88.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,266 shares of the company’s stock after purchasing an additional 60,068 shares during the period. Empowered Funds LLC’s holdings in Expand Energy were worth $14,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXE. Frank Rimerman Advisors LLC purchased a new stake in Expand Energy during the 2nd quarter worth about $343,000. Nomura Asset Management Co. Ltd. raised its position in shares of Expand Energy by 1.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 68,738 shares of the company’s stock worth $8,038,000 after acquiring an additional 1,099 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Expand Energy by 0.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 33,972 shares of the company’s stock worth $3,973,000 after purchasing an additional 223 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Expand Energy by 15.2% in the second quarter. Cetera Investment Advisers now owns 23,941 shares of the company’s stock valued at $2,800,000 after purchasing an additional 3,166 shares in the last quarter. Finally, WealthTrust Asset Management LLC purchased a new position in Expand Energy in the second quarter valued at approximately $881,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXE has been the subject of several recent analyst reports. William Blair started coverage on shares of Expand Energy in a research report on Tuesday, October 14th. They set an “outperform” rating for the company. KeyCorp reduced their price target on shares of Expand Energy from $135.00 to $127.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Morgan Stanley upped their price objective on shares of Expand Energy from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Thursday, November 13th. Finally, Piper Sandler boosted their target price on Expand Energy from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.32.

Expand Energy Stock Up 0.2%

Shares of NASDAQ:EXE opened at $117.16 on Wednesday. Expand Energy Corporation has a 1-year low of $91.01 and a 1-year high of $123.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $27.90 billion, a P/E ratio of 33.28 and a beta of 0.47. The firm has a fifty day moving average price of $105.57 and a 200 day moving average price of $106.66.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Sell-side analysts predict that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $2.30 annualized dividend and a yield of 2.0%. Expand Energy’s dividend payout ratio is currently 65.34%.

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.