Expand Energy Corporation $EXE Stock: Canoe Financial LP Boosts Position

Canoe Financial LP grew its holdings in Expand Energy Corporation (NASDAQ:EXE - Free Report) by 585.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,748,406 shares of the company's stock after purchasing an additional 1,493,514 shares during the period. Expand Energy makes up 1.8% of Canoe Financial LP's investment portfolio, making the stock its 23rd largest position. Canoe Financial LP owned 0.76% of Expand Energy worth $149,348,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sowell Financial Services LLC lifted its holdings in shares of Expand Energy by 5.7% in the 3rd quarter. Sowell Financial Services LLC now owns 6,117 shares of the company's stock worth $514,000 after acquiring an additional 331 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Expand Energy by 413.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 168,237 shares of the company's stock worth $14,147,000 after purchasing an additional 135,449 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Expand Energy by 6.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,494 shares of the company's stock valued at $2,817,000 after purchasing an additional 1,934 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in Expand Energy by 8.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 6,002 shares of the company's stock valued at $505,000 after purchasing an additional 464 shares during the last quarter. Finally, Alpine Bank Wealth Management increased its holdings in Expand Energy by 12.5% in the 3rd quarter. Alpine Bank Wealth Management now owns 2,587 shares of the company's stock valued at $218,000 after purchasing an additional 287 shares during the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings lowered Expand Energy from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Barclays lowered their price target on Expand Energy from $110.00 to $107.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Sanford C. Bernstein lowered their price target on Expand Energy from $160.00 to $127.00 and set an "outperform" rating for the company in a research report on Monday, October 5th. Benchmark dropped their price objective on Expand Energy from $124.00 to $109.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Finally, Truist Financial cut their price objective on Expand Energy from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.11.

Expand Energy Stock Up 0.2%

Shares of EXE opened at $92.83 on Thursday. The company's 50-day simple moving average is $92.38 and its 200-day simple moving average is $93.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Expand Energy Corporation has a 1 year low of $83.25 and a 1 year high of $126.62. The stock has a market capitalization of $21.49 billion, a PE ratio of 11.40 and a beta of 0.41.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.20. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. The firm had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $3.05 billion. Analysts forecast that Expand Energy Corporation will post 8.37 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were given a dividend of $0.5750 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. Expand Energy's dividend payout ratio 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, crude oil and natural gas liquids in the United States. The company's activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake's portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.

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