Expand Energy Corporation $EXE Stock: Robeco Institutional Asset Management B.V. Grows Stake

Key Points

• Robeco Institutional Asset Management increased its Expand Energy stake by 413.1% in the third quarter, owning 168,237 shares valued at approximately $14.1 million. Institutional investors and hedge funds collectively control 97.93% of the company.
• Expand Energy reported quarterly earnings of $1.33 per share, exceeding analyst expectations of $1.13, while revenue of $2.96 billion fell short of the $3.05 billion consensus estimate.
• The company pays a quarterly dividend of $0.575, or $2.30 annually, yielding about 2.5%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $123.11, above the reported share price of $93.23.

Robeco Institutional Asset Management B.V. lifted its position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 413.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,237 shares of the company's stock after purchasing an additional 135,449 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Expand Energy worth $14,147,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EXE. BlackRock Inc. acquired a new position in Expand Energy during the second quarter worth $1,778,004,000. Bank of New York Mellon Corp acquired a new position in shares of Expand Energy during the second quarter valued at about $267,109,000. Bank of America Corp DE bought a new stake in shares of Expand Energy during the second quarter worth about $150,896,000. Man Group plc acquired a new stake in shares of Expand Energy in the 2nd quarter worth about $148,227,000. Finally, Deutsche Bank AG bought a new position in Expand Energy in the 2nd quarter valued at about $111,152,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Expand Energy Stock Performance

Shares of Expand Energy stock opened at $93.23 on Friday. The business's fifty day simple moving average is $92.32 and its 200 day simple moving average is $92.92. The firm has a market capitalization of $21.58 billion, a P/E ratio of 11.43 and a beta of 0.41. Expand Energy Corporation has a 12 month low of $83.25 and a 12 month high of $126.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted 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 company had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $3.05 billion. Expand Energy had a net margin of 20.46% and a return on equity of 10.33%. As a group, analysts anticipate that Expand Energy Corporation will post 8.59 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th were issued a $0.5750 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, August 13th. Expand Energy's dividend payout ratio is presently 19.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EXE shares. Citigroup cut their price target on Expand Energy from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. Sanford C. Bernstein dropped their target price on Expand Energy from $160.00 to $127.00 and set an "outperform" rating on the stock in a report on Monday, October 5th. Freedom Broker raised Expand Energy to a "strong-buy" rating in a research report on Thursday, September 3rd. Roth Capital reaffirmed a "neutral" rating and set a $93.00 target price on shares of Expand Energy in a research report on Wednesday, July 29th. Finally, Truist Financial decreased their price target on Expand Energy from $121.00 to $120.00 and set a "buy" rating for the company in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Expand Energy has a consensus rating of "Moderate Buy" and an average target price of $123.11.

Expand Energy Company 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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