National Pension Service Has $22.24 Million Stock Holdings in Expand Energy Corporation $EXE

Key Points

• National Pension Service cut its Expand Energy stake by 57.1% in the second quarter, selling 325,063 shares. It retained 243,895 shares valued at approximately $22.24 million, while institutional investors overall own 97.93% of the company.
• Expand Energy reported quarterly EPS of $1.33, exceeding analyst expectations of $1.13, although revenue of $2.96 billion fell short of the $3.05 billion consensus estimate.
• The company pays a quarterly dividend of $0.575 per share, equivalent to a $2.30 annualized dividend and a 2.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $127.16, above the reported share price of $94.83.

National Pension Service decreased its position in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) by 57.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,895 shares of the company's stock after selling 325,063 shares during the period. National Pension Service owned approximately 0.11% of Expand Energy worth $22,241,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Expand Energy in the first quarter valued at about $2,599,000. Ashton Thomas Private Wealth LLC bought a new position in Expand Energy during the first quarter worth about $208,000. Focus Partners Wealth acquired a new stake in Expand Energy in the 1st quarter worth about $205,000. Geneos Wealth Management Inc. bought a new stake in Expand Energy in the 1st quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL bought a new stake in Expand Energy in the 2nd quarter valued at about $757,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Expand Energy Price Performance

Shares of NASDAQ:EXE opened at $94.83 on Friday. The firm has a 50 day moving average of $93.58 and a 200-day moving average of $96.76. The stock has a market capitalization of $21.95 billion, a PE ratio of 8.19 and a beta of 0.34. 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 Corporation has a 12 month low of $84.99 and a 12 month high of $126.62.

Expand Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.20. The business 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%. On average, equities research analysts predict that Expand Energy Corporation will post 8.7 EPS for the current fiscal year.

Expand Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th were paid a dividend of $0.575 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.4%. Expand Energy's dividend payout ratio is presently 19.86%.

Analysts Set New Price Targets

EXE has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Expand Energy from $127.00 to $124.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus initiated coverage on Expand Energy in a research report on Wednesday. They set a "buy" rating and a $135.00 price target on the stock. Benchmark lowered their price objective on Expand Energy from $124.00 to $109.00 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Wolfe Research reaffirmed an "outperform" rating and issued a $114.00 price objective on shares of Expand Energy in a report on Wednesday, July 29th. Finally, Raymond James Financial upped their target price on Expand Energy from $145.00 to $147.00 and gave the company a "strong-buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Expand Energy has an average rating of "Moderate Buy" and an average target price of $127.16.

About Expand Energy

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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