Osaic Holdings Inc. Increases Position in Expand Energy Corporation $EXE

Osaic Holdings Inc. boosted its position in Expand Energy Corporation (NASDAQ:EXE) by 81.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,472 shares of the company’s stock after acquiring an additional 10,103 shares during the period. Osaic Holdings Inc.’s holdings in Expand Energy were worth $2,628,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC purchased a new stake in shares of Expand Energy in the first quarter valued at $27,000. Quarry LP purchased a new position in Expand Energy during the first quarter worth about $28,000. MAI Capital Management acquired a new stake in Expand Energy in the 1st quarter worth about $30,000. Assetmark Inc. grew its holdings in Expand Energy by 255.6% in the 2nd quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after buying an additional 184 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in shares of Expand Energy by 125.9% during the 2nd quarter. JFS Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $36,000 after acquiring an additional 170 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Expand Energy from $141.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price target (up previously from $146.00) on shares of Expand Energy in a report on Thursday, September 11th. Mizuho boosted their price objective on shares of Expand Energy from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. William Blair started coverage on Expand Energy in a research report on Tuesday, October 14th. They issued an “outperform” rating on the stock. Finally, Scotiabank reiterated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Expand Energy has a consensus rating of “Moderate Buy” and an average target price of $129.44.

Expand Energy Stock Performance

Shares of EXE stock opened at $109.49 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28. The company has a market cap of $26.08 billion, a PE ratio of 31.11 and a beta of 0.45. The company’s fifty day simple moving average is $112.56 and its 200-day simple moving average is $106.90. Expand Energy Corporation has a 52 week low of $91.01 and a 52 week high of $126.62.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. As a group, equities research analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

Expand Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 13th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is presently 65.34%.

Expand Energy Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.