16,165 Shares in Expand Energy Corporation $EXE Bought by McKinney Capital Management LLC

McKinney Capital Management LLC bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,165 shares of the company’s stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in Expand Energy during the second quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Expand Energy in the second quarter worth $32,000. Amplify Investments LLC acquired a new stake in shares of Expand Energy in the second quarter worth $33,000. Harbor Investment Advisory LLC acquired a new stake in shares of Expand Energy in the second quarter worth $33,000. Finally, Basecamp Wealth Advisors LLC lifted its stake in shares of Expand Energy by 108.2% in the first quarter. Basecamp Wealth Advisors LLC now owns 404 shares of the company’s stock worth $44,000 after buying an additional 210 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors and hedge funds.

Expand Energy Stock Performance

NASDAQ EXE traded up $0.73 during midday trading on Friday, hitting $88.53. The company had a trading volume of 2,113,682 shares, compared to its average volume of 3,391,030. The firm has a fifty day simple moving average of $89.93 and a two-hundred day simple moving average of $95.89. Expand Energy Corporation has a fifty-two week low of $83.25 and a fifty-two week high of $126.62. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $20.45 billion, a price-to-earnings ratio of 7.67 and a beta of 0.40.

Expand Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.17. Expand Energy had a net margin of 19.78% and a return on equity of 10.69%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $2.85 billion. Equities analysts forecast that Expand Energy Corporation will post 8.73 earnings per share for the current fiscal year.

Expand Energy Announces Dividend

The company also recently declared 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. This represents a $2.30 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 12th. Expand Energy’s payout ratio is currently 19.93%.

Analysts Set New Price Targets

A number of research firms recently issued reports on EXE. Raymond James Financial lowered their target price on shares of Expand Energy from $147.00 to $141.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 5th. William Blair began coverage on shares of Expand Energy in a report on Thursday, October 29th. They issued a “hold” rating on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $117.00 target price on shares of Expand Energy in a research report on Tuesday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Expand Energy in a report on Tuesday. Finally, Freedom Broker upgraded Expand Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Expand Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.08.

About Expand Energy

Expand Energy Corporation is an independent natural gas exploration and production company focused on developing U.S. shale resources. Its activities include acquiring, exploring and operating oil and natural gas properties, with natural gas as its primary product. The company’s operations are concentrated in the Haynesville region of Louisiana and the Appalachia region, which includes the Marcellus and Utica formations. Its production supports the domestic natural gas market and related energy infrastructure.