Expand Energy Corporation $EXE Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Expand Energy Corporation (NASDAQ:EXE) by 6.4% in the second quarter, HoldingsChannel reports. The firm owned 95,184 shares of the company’s stock after selling 6,500 shares during the period. New York State Common Retirement Fund’s holdings in Expand Energy were worth $11,131,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC acquired a new stake in Expand Energy during the 1st quarter valued at $27,000. Harbour Investments Inc. acquired a new position in shares of Expand Energy in the first quarter worth $27,000. Quarry LP purchased a new stake in shares of Expand Energy in the first quarter valued at $28,000. Assetmark Inc. boosted its stake in shares of Expand Energy by 255.6% during the second quarter. Assetmark Inc. now owns 256 shares of the company’s stock valued at $30,000 after acquiring an additional 184 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in Expand Energy during the 1st quarter worth about $29,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Mizuho set a $136.00 price objective on shares of Expand Energy in a research note on Monday, September 15th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 target price (up from $146.00) on shares of Expand Energy in a research note on Thursday, September 11th. Jefferies Financial Group cut their price target on Expand Energy from $141.00 to $137.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Finally, Morgan Stanley raised their price objective on Expand Energy from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and a consensus target price of $128.32.

Expand Energy Price Performance

Expand Energy stock opened at $122.09 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $29.08 billion, a price-to-earnings ratio of 34.68 and a beta of 0.45. Expand Energy Corporation has a 1 year low of $91.01 and a 1 year high of $124.89. The firm has a 50 day moving average price of $110.35 and a 200 day moving average price of $107.33.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. Expand Energy had a net margin of 7.99% and a return on equity of 6.31%. Sell-side analysts predict that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, November 13th. Expand Energy’s dividend payout ratio (DPR) is 65.34%.

Expand Energy Company 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.