Mitsubishi UFJ Asset Management Co. Ltd. Buys 56,155 Shares of Expand Energy Corporation $EXE

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Expand Energy Corporation (NASDAQ:EXE) by 11.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 529,504 shares of the company’s stock after acquiring an additional 56,155 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Expand Energy worth $56,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in shares of Expand Energy by 513.9% during the 3rd quarter. Intech Investment Management LLC now owns 36,781 shares of the company’s stock valued at $3,908,000 after purchasing an additional 30,790 shares during the last quarter. Affinity Investment Advisors LLC lifted its position in shares of Expand Energy by 7.7% in the third quarter. Affinity Investment Advisors LLC now owns 2,797 shares of the company’s stock worth $297,000 after buying an additional 200 shares in the last quarter. Mufg Securities Americas Inc. boosted its stake in Expand Energy by 33.8% during the third quarter. Mufg Securities Americas Inc. now owns 6,422 shares of the company’s stock valued at $682,000 after buying an additional 1,623 shares during the last quarter. Baldwin Investment Management LLC boosted its stake in Expand Energy by 81.7% during the third quarter. Baldwin Investment Management LLC now owns 7,118 shares of the company’s stock valued at $756,000 after buying an additional 3,200 shares during the last quarter. Finally, AXQ Capital LP boosted its holdings in shares of Expand Energy by 121.8% in the third quarter. AXQ Capital LP now owns 11,797 shares of the company’s stock valued at $1,253,000 after purchasing an additional 6,478 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Stock Performance

Shares of NASDAQ:EXE opened at $107.92 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $126.62. The firm has a market capitalization of $25.94 billion, a PE ratio of 14.31 and a beta of 0.46. The business’s 50 day moving average price is $106.50 and its 200-day moving average price is $106.18.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%.The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. As a group, equities research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.575 per share. The ex-dividend date is Thursday, March 5th. This represents a $2.30 dividend on an annualized basis and a yield of 2.1%. Expand Energy’s payout ratio is presently 30.50%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EXE shares. Sanford C. Bernstein reduced their target price on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Barclays cut their price target on Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Stephens increased their price target on Expand Energy from $145.00 to $146.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Mizuho boosted their price objective on Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $141.00 target price on shares of Expand Energy in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $129.92.

About Expand Energy

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.