Howard Capital Management LLC Buys 72,751 Shares of Expand Energy Corporation $EXE

Howard Capital Management LLC bought a new position in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, Holdings Channel reports. The firm bought 72,751 shares of the company’s stock, valued at approximately $6,118,000.

A number of other hedge funds also recently made changes to their positions in EXE. BlackRock Inc. purchased a new position in shares of Expand Energy in the 2nd quarter worth about $1,778,004,000. Oaktree Capital Management LP grew its position in Expand Energy by 3.5% during the first quarter. Oaktree Capital Management LP now owns 5,237,477 shares of the company’s stock valued at $574,970,000 after buying an additional 175,114 shares during the period. Bank of New York Mellon Corp increased its holdings in Expand Energy by 94.7% during the first quarter. Bank of New York Mellon Corp now owns 4,498,905 shares of the company’s stock worth $493,890,000 after buying an additional 2,188,422 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Expand Energy by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,466,772 shares of the company’s stock worth $270,838,000 after buying an additional 166,407 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Expand Energy by 9.9% in the first quarter. Bank of America Corp DE now owns 1,921,098 shares of the company’s stock worth $210,898,000 after acquiring an additional 173,503 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Expand Energy Stock Performance

NASDAQ:EXE traded up $2.61 on Friday, reaching $93.41. 6,027,284 shares of the company’s stock were exchanged, compared to its average volume of 3,514,942. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 8.07 and a beta of 0.41. Expand Energy Corporation has a 52 week low of $83.25 and a 52 week high of $126.62. The stock has a fifty day simple moving average of $92.65 and a 200-day simple moving average of $93.42.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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. As a group, sell-side analysts predict that Expand Energy Corporation will post 8.56 earnings per share for the current year.

Expand Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXE shares. Benchmark dropped their target price on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Sanford C. Bernstein reduced their target price on shares of Expand Energy from $160.00 to $127.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Jefferies Financial Group decreased their price target on shares of Expand Energy from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Truist Financial lowered their price target on shares of Expand Energy from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, UBS Group lowered their price target on shares of Expand Energy from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.89.

Expand Energy Company Profile

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.