Expand Energy Corporation $EXE Stock Holdings Lessened by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Expand Energy Corporation (NASDAQ:EXE) by 12.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 318,797 shares of the company’s stock after selling 43,360 shares during the period. Great Lakes Advisors LLC’s holdings in Expand Energy were worth $33,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXE. Focus Partners Advisor Solutions LLC acquired a new position in Expand Energy in the 2nd quarter valued at approximately $209,000. Nordea Investment Management AB increased its stake in shares of Expand Energy by 52.0% in the second quarter. Nordea Investment Management AB now owns 15,301 shares of the company’s stock valued at $1,810,000 after buying an additional 5,234 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Expand Energy by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,136 shares of the company’s stock valued at $1,127,000 after purchasing an additional 587 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Expand Energy by 10.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,113 shares of the company’s stock valued at $6,211,000 after buying an additional 5,020 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Expand Energy in the second quarter valued at about $3,347,000. Institutional investors and hedge funds own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Expand Energy in a report on Monday, December 29th. Scotiabank restated an “outperform” rating on shares of Expand Energy in a report on Thursday, October 9th. Stephens cut their price target on shares of Expand Energy from $143.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company raised shares of Expand Energy to a “hold” rating in a research report on Thursday, October 16th. Finally, Citigroup upped their price objective on Expand Energy from $118.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Expand Energy has a consensus rating of “Moderate Buy” and an average price target of $130.29.

Expand Energy Stock Performance

NASDAQ EXE opened at $109.66 on Thursday. The stock has a market cap of $26.12 billion, a PE ratio of 31.15 and a beta of 0.46. 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 firm has a 50-day moving average of $111.00 and a 200-day moving average of $105.59. 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 earnings results on Tuesday, October 28th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. Expand Energy had a return on equity of 6.31% and a net margin of 7.99%.The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.98 billion. On average, sell-side analysts anticipate that Expand Energy Corporation will post 1.33 EPS for the current year.

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.