Expand Energy Corporation $EXE Stock Position Boosted by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in Expand Energy Corporation (NASDAQ:EXE) by 75,568.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,107 shares of the company’s stock after purchasing an additional 12,091 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Expand Energy were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Expand Energy by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,780 shares of the company’s stock valued at $927,000 after purchasing an additional 818 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in shares of Expand Energy by 3.4% in the third quarter. Hohimer Wealth Management LLC now owns 14,024 shares of the company’s stock worth $1,179,000 after purchasing an additional 459 shares in the last quarter. Paragon Advisors LLC acquired a new position in Expand Energy during the third quarter worth $223,000. Candriam S.C.A. boosted its holdings in Expand Energy by 5.8% during the third quarter. Candriam S.C.A. now owns 27,174 shares of the company’s stock worth $2,293,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Point Nemo Capital LLC bought a new position in Expand Energy in the third quarter valued at $1,232,000. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Price Performance

NASDAQ:EXE opened at $87.80 on Friday. Expand Energy Corporation has a 1-year low of $83.25 and a 1-year high of $126.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $90.14 and a 200 day simple moving average of $95.99. The stock has a market capitalization of $20.28 billion, a PE ratio of 10.28 and a beta of 0.40.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.17. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $2.85 billion. Expand Energy had a net margin of 19.78% and a return on equity of 10.69%. On average, research analysts expect that Expand Energy Corporation will post 8.73 EPS for the current fiscal year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.5750 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.30 annualized dividend and a dividend yield of 2.6%. Expand Energy’s payout ratio is currently 19.93%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXE. Weiss Ratings reiterated a “hold (c)” rating on shares of Expand Energy in a research note on Tuesday. Sanford C. Bernstein cut their price target on shares of Expand Energy from $139.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group reduced their price objective on shares of Expand Energy from $120.00 to $117.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Capital One Financial decreased their price objective on Expand Energy from $124.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Finally, Freedom Broker upgraded Expand Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Expand Energy has a consensus rating of “Moderate Buy” and a consensus target price of $130.08.

Expand Energy Company Profile

Expand Energy Corporation is an independent natural gas exploration and production company focused on developing U.S. shale resources. Its activities include acquiring, exploring and operating oil and natural gas properties, with natural gas as its primary product. The company’s operations are concentrated in the Haynesville region of Louisiana and the Appalachia region, which includes the Marcellus and Utica formations. Its production supports the domestic natural gas market and related energy infrastructure.