24,317 Expand Energy Corporation $EXE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Expand Energy Corporation (NASDAQ:EXE) by 4.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 556,817 shares of the company’s stock after selling 24,317 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Expand Energy were worth $46,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EXE. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Expand Energy during the 3rd quarter worth approximately $5,162,000. Vise Technologies Inc. lifted its stake in Expand Energy by 134.8% in the third quarter. Vise Technologies Inc. now owns 8,727 shares of the company’s stock valued at $734,000 after buying an additional 5,011 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Expand Energy by 23.2% during the third quarter. MGO One Seven LLC now owns 10,144 shares of the company’s stock worth $853,000 after acquiring an additional 1,909 shares during the period. Brooklands Fund Management Ltd raised its stake in shares of Expand Energy by 1.5% in the 3rd quarter. Brooklands Fund Management Ltd now owns 134,190 shares of the company’s stock valued at $11,284,000 after purchasing an additional 2,000 shares during the period. Finally, D.A. Davidson & CO. raised its position in Expand Energy by 8.2% in the 3rd quarter. D.A. Davidson & CO. now owns 15,020 shares of the company’s stock valued at $1,263,000 after buying an additional 1,144 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.

Expand Energy Price Performance

EXE opened at $87.31 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $20.17 billion, a P/E ratio of 10.43 and a beta of 0.40. Expand Energy Corporation has a fifty-two week low of $83.25 and a fifty-two week high of $126.62. The firm has a 50-day moving average of $91.54 and a 200 day moving average of $96.62.

Expand Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.17. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Expand Energy had a net margin of 19.78% and a return on equity of 10.69%. On average, research analysts expect that Expand Energy Corporation will post 8.69 EPS for the current 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 2.6%. Expand Energy’s payout ratio is currently 19.93%.

Analysts Set New Price Targets

EXE has been the topic of several recent analyst reports. Weiss Ratings lowered Expand Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Benchmark cut their price target on shares of Expand Energy from $124.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Barclays decreased their price target on shares of Expand Energy from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Expand Energy in a research note on Tuesday, October 20th. Finally, Citigroup lowered their price objective on Expand Energy from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

About Expand Energy

Expand Energy Corporation (NASDAQ:EXE) is an independent energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The company’s activities include drilling and operating unconventional oil and gas wells, primarily in major shale formations.

Expand Energy was formed through the combination of Chesapeake Energy Corporation and Southwestern Energy Company, a transaction completed in October 2024. Chesapeake’s portfolio included assets in the Marcellus, Haynesville and Eagle Ford shale plays, while Southwestern was also a major operator in the Appalachian and Haynesville regions.