Nykredit A S Makes New Investment in Expand Energy Corporation $EXE

Key Points

• Nykredit A S initiated a position in Expand Energy during the second quarter, purchasing 23,592 shares valued at approximately $2.15 million. Institutional investors collectively own 97.93% of the company.
• Expand Energy reported quarterly EPS of $1.33, beating analyst expectations of $1.13, while revenue of $2.96 billion fell short of estimates. Analysts expect full-year EPS of about $8.70.
• The company pays a quarterly dividend of $0.575 per share, or $2.30 annualized, representing a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $127.42, well above the reported share price of $87.03.

Nykredit A S bought a new position in Expand Energy Corporation (NASDAQ:EXE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,592 shares of the company's stock, valued at approximately $2,151,000.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank bought a new position in shares of Expand Energy during the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. raised its position in shares of Expand Energy by 379.6% in the 1st quarter. SJS Investment Consulting Inc. now owns 259 shares of the company's stock valued at $28,000 after purchasing an additional 205 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Expand Energy during the 4th quarter worth about $30,000. Ascentis Independent Advisors purchased a new position in shares of Expand Energy during the first quarter worth $32,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Expand Energy in the second quarter valued at approximately $32,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Expand Energy Stock Performance

NASDAQ EXE opened at $87.03 on Wednesday. The business's 50 day moving average is $93.72 and its two-hundred day moving average is $95.88. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 7.52 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 issued 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 company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.05 billion. Research analysts expect that Expand Energy Corporation will post 8.7 EPS for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 13th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.30 annualized dividend and a yield of 2.6%. Expand Energy's payout ratio is currently 19.86%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research restated an "outperform" rating and set a $114.00 price target on shares of Expand Energy in a research report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Expand Energy from $131.00 to $129.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 19th. Barclays cut their price objective on shares of Expand Energy from $110.00 to $107.00 and set an "equal weight" rating on the stock in a report on Monday, August 17th. Raymond James Financial upped their target price on shares of Expand Energy from $145.00 to $147.00 and gave the company a "strong-buy" rating in a report on Wednesday, September 9th. Finally, Citigroup dropped their target price on shares of Expand Energy from $125.00 to $115.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Three equities 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.42.

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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