Point Nemo Capital LLC Acquires New Holdings in Expand Energy Corporation $EXE

Key Points

• Point Nemo Capital opened a new position in Expand Energy during the third quarter, buying 14,655 shares valued at approximately $1.23 million. Institutional investors collectively own 97.93% of the company’s stock.
• Expand Energy reported quarterly earnings of $1.46 per share, beating the $1.29 consensus estimate, while revenue of $3.29 billion also topped expectations of $2.85 billion.
• The company declared a quarterly dividend of $0.575 per share, equivalent to an annualized yield of about 2.7%. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $123.

Point Nemo Capital LLC bought a new stake in Expand Energy Corporation (NASDAQ:EXE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,655 shares of the company's stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXE. Core Capital Management & Research inc. purchased a new position in shares of Expand Energy during the 2nd quarter valued at $5,406,000. NewEdge Advisors LLC grew its stake in shares of Expand Energy by 336.0% during the 2nd quarter. NewEdge Advisors LLC now owns 35,673 shares of the company's stock worth $3,253,000 after acquiring an additional 27,492 shares during the period. Nicholas Investment Partners LP purchased a new stake in Expand Energy in the 2nd quarter worth about $3,739,000. Nykredit A S purchased a new stake in Expand Energy in the 2nd quarter worth about $2,151,000. Finally, Amundi increased its holdings in Expand Energy by 5.7% in the 2nd quarter. Amundi now owns 1,006,632 shares of the company's stock worth $91,795,000 after acquiring an additional 54,218 shares during the last quarter. Institutional investors own 97.93% of the company's stock.

Expand Energy Stock Down 0.9%

Shares of NASDAQ EXE opened at $84.60 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market cap of $19.54 billion, a P/E ratio of 7.33 and a beta of 0.40. Expand Energy Corporation has a 52 week low of $83.25 and a 52 week high of $126.62. The business has a 50-day simple moving average of $91.05 and a two-hundred day simple moving average of $96.45.

Expand Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.17. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. The firm had revenue of $3.29 billion for the quarter, compared to analysts' expectations of $2.85 billion. Research analysts anticipate that Expand Energy Corporation will post 8.73 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a dividend of $0.5750 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.30 annualized dividend and a yield of 2.7%. Expand Energy's payout ratio is currently 19.93%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EXE. Freedom Broker upgraded Expand Energy to a "strong-buy" rating in a research note on Thursday, September 3rd. Morgan Stanley cut their target price on shares of Expand Energy from $124.00 to $123.00 and set an "overweight" rating for the company in a research report on Thursday, October 29th. Roth Capital reiterated a "neutral" rating and issued a $93.00 target price on shares of Expand Energy in a research note on Wednesday, July 29th. Truist Financial lifted their target price on shares of Expand Energy from $120.00 to $122.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, Sanford C. Bernstein lowered their price target on shares of Expand Energy from $160.00 to $127.00 and set an "outperform" rating on the stock in a research report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Expand Energy Company Profile

Expand Energy Corporation is an independent natural gas exploration and production company focused on developing U.S. shale resources. Its activities include acquiring, exploring and operating oil and natural gas properties, with natural gas as its primary product.

The company's operations are concentrated in the Haynesville region of Louisiana and the Appalachia region, which includes the Marcellus and Utica formations. Its production supports the domestic natural gas market and related energy infrastructure.

Expand Energy was formed in 2024 through the merger of Chesapeake Energy and Southwestern Energy.

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