Meiji Yasuda Asset Management Co Ltd. Has $3.47 Million Stock Position in Expand Energy Corporation $EXE

Meiji Yasuda Asset Management Co Ltd. raised its position in Expand Energy Corporation (NASDAQ:EXE) by 120.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 32,662 shares of the company’s stock after acquiring an additional 17,856 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Expand Energy were worth $3,470,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Expand Energy in the 1st quarter worth $2,599,000. Ashton Thomas Private Wealth LLC bought a new stake in Expand Energy during the 1st quarter valued at $208,000. Focus Partners Wealth bought a new stake in Expand Energy during the 1st quarter valued at $205,000. Geneos Wealth Management Inc. acquired a new position in Expand Energy during the first quarter worth $79,000. Finally, Assetmark Inc. lifted its stake in shares of Expand Energy by 255.6% in the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after buying an additional 184 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Performance

EXE stock opened at $106.84 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market cap of $25.68 billion, a PE ratio of 14.17 and a beta of 0.47. The business has a 50 day moving average of $106.27 and a 200-day moving average of $106.72. Expand Energy Corporation has a 12-month low of $91.01 and a 12-month high of $126.62.

Expand Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.28 billion. Expand Energy had a return on equity of 8.17% and a net margin of 15.00%. As a group, sell-side analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The business 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 annualized dividend and a yield of 2.2%. Expand Energy’s dividend payout ratio is presently 30.50%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Expand Energy from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. Sanford C. Bernstein dropped their price target on shares of Expand Energy from $145.00 to $144.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Wells Fargo & Company set a $123.00 price target on Expand Energy in a research note on Monday, February 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price objective on shares of Expand Energy in a research note on Thursday, February 19th. Finally, Weiss Ratings upgraded Expand Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $130.38.

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.