California State Teachers Retirement System Raises Stock Position in Expand Energy Corporation $EXE

California State Teachers Retirement System grew its position in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,633 shares of the company's stock after buying an additional 2,967 shares during the quarter. California State Teachers Retirement System owned 0.12% of Expand Energy worth $25,499,733 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Expand Energy in the 2nd quarter valued at $1,778,004,000. Capital Research Global Investors boosted its holdings in shares of Expand Energy by 33.2% in the 4th quarter. Capital Research Global Investors now owns 21,251,283 shares of the company's stock valued at $2,345,303,000 after purchasing an additional 5,291,948 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Expand Energy during the 2nd quarter valued at approximately $267,109,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Expand Energy by 36,574.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,420,912 shares of the company's stock worth $267,172,000 after acquiring an additional 2,414,311 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Expand Energy by 192.0% during the fourth quarter. Victory Capital Management Inc. now owns 3,286,361 shares of the company's stock valued at $362,683,000 after purchasing an additional 2,160,979 shares during the last quarter. Institutional investors own 97.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EXE shares. Citigroup reduced their target price on Expand Energy from $125.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Johnson Rice cut shares of Expand Energy from a "buy" rating to an "accumulate" rating and cut their price objective for the stock from $135.00 to $125.00 in a research report on Monday, August 17th. Morgan Stanley reduced their price target on shares of Expand Energy from $131.00 to $129.00 and set an "overweight" rating for the company in a research report on Wednesday, August 19th. UBS Group increased their price objective on shares of Expand Energy from $124.00 to $129.00 and gave the stock a "buy" rating in a report on Monday. Finally, Stifel Nicolaus began coverage on Expand Energy in a research note on Wednesday, September 9th. They issued a "buy" rating and a $135.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Expand Energy currently has an average rating of "Moderate Buy" and an average price target of $127.42.

Expand Energy Trading Up 1.0%

Shares of NASDAQ EXE traded up $0.91 during midday trading on Tuesday, reaching $94.31. The stock had a trading volume of 1,565,847 shares, compared to its average volume of 3,537,619. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The company's 50 day moving average price is $93.67 and its 200 day moving average price is $96.65. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 8.14 and a beta of 0.34. Expand Energy Corporation has a twelve month low of $84.99 and a twelve month high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.20. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. As a group, sell-side analysts expect that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, August 13th. Expand Energy's dividend payout ratio (DPR) is currently 19.86%.

Expand Energy Profile

Expand Energy Corporation NASDAQ: EXE is an independent energy company focused on the exploration, development and production of natural gas, oil and natural gas liquids in the United States. The company's operations are concentrated in major U.S. shale basins, including the Marcellus and Haynesville formations, and its products support domestic electricity generation, industrial activity and liquefied natural gas exports.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company.

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