Howard Capital Management LLC Makes New Investment in Expand Energy Corporation $EXE

Key Points

• Howard Capital Management acquired 72,751 shares of Expand Energy in the third quarter, worth approximately $6.1 million. Institutional investors collectively own 97.93% of the company.
• Analysts maintain a generally positive outlook, with Expand Energy receiving a consensus “Moderate Buy” rating and an average price target of $122.89, compared with the stock’s recent price of $93.41.
• Expand Energy reported quarterly EPS of $1.33, exceeding estimates of $1.13, while revenue came in at $2.96 billion. The company also pays a quarterly dividend of $0.575 per share, representing a 2.5% annualized yield.

Howard Capital Management LLC acquired a new position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,751 shares of the company's stock, valued at approximately $6,118,000.

A number of other large investors have also recently made changes to their positions in the business. Quattro Financial Advisors LLC lifted its position in Expand Energy by 50.8% in the 3rd quarter. Quattro Financial Advisors LLC now owns 16,828 shares of the company's stock valued at $1,415,000 after acquiring an additional 5,670 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Expand Energy by 22.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,861 shares of the company's stock valued at $325,000 after purchasing an additional 702 shares during the last quarter. Mather Group LLC. boosted its stake in Expand Energy by 530.4% during the 3rd quarter. Mather Group LLC. now owns 643 shares of the company's stock valued at $54,000 after purchasing an additional 541 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Expand Energy by 2,436.4% during the 3rd quarter. Fortitude Family Office LLC now owns 1,674 shares of the company's stock worth $141,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Sanders Morris Harris LLC bought a new stake in Expand Energy during the 3rd quarter worth approximately $541,000. 97.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXE has been the subject of several analyst reports. Stifel Nicolaus began coverage on Expand Energy in a research note on Wednesday, September 9th. They issued a "buy" rating and a $135.00 price objective for the company. Truist Financial cut their target price on Expand Energy from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. Johnson Rice downgraded Expand Energy from a "buy" rating to an "accumulate" rating and decreased their price target for the stock from $135.00 to $125.00 in a report on Monday, August 17th. The Goldman Sachs Group increased their price target on Expand Energy from $99.00 to $113.00 and gave the company a "buy" rating in a research report on Wednesday, August 26th. Finally, Wolfe Research reissued an "outperform" rating and issued a $114.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.89.

Expand Energy Stock Up 2.9%

EXE stock traded up $2.61 during trading on Friday, reaching $93.41. The stock had a trading volume of 6,027,284 shares, compared to its average volume of 3,514,942. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of 8.07 and a beta of 0.41. Expand Energy Corporation has a one year low of $83.25 and a one year high of $126.62. The company's 50 day moving average is $92.65 and its two-hundred day moving average is $93.42.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.33 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.05 billion. Equities research analysts forecast that Expand Energy Corporation will post 8.56 EPS for the current year.

Expand Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were given a dividend of $0.5750 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, August 13th. Expand Energy's dividend payout ratio (DPR) is presently 19.86%.

About Expand Energy

Expand Energy Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids in the United States. The company's operations are focused primarily on unconventional, or shale, formations, and its products are sold to customers in domestic energy and industrial markets.

Expand Energy was created through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024.

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