10,336 Shares in Expand Energy Corporation (NASDAQ:EXE) Bought by Mcintyre Freedman & Flynn Investment Advisers Inc.

Key Points

• Mcintyre Freedman & Flynn Investment Advisers Inc. purchased 10,336 shares of Expand Energy Corporation (NASDAQ:EXE) valued at around $1,151,000 during the first quarter.
• Expand Energy's stock has received mixed price target adjustments from analysts, with a consensus rating of "Buy" and an average target price of $129.50.
• The company recently declared a quarterly dividend of $0.575 per share, reflecting an annual yield of 2.2% and a high payout ratio of 589.74%.

Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Expand Energy Corporation (NASDAQ:EXE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,336 shares of the company's stock, valued at approximately $1,151,000.

Several other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. acquired a new position in Expand Energy in the 1st quarter valued at $27,000. First Horizon Advisors Inc. acquired a new stake in Expand Energy during the 1st quarter worth $28,000. Princeton Global Asset Management LLC purchased a new stake in shares of Expand Energy during the first quarter worth $31,000. BankPlus Trust Department acquired a new stake in shares of Expand Energy in the first quarter valued at about $32,000. Finally, Peoples Bank KS acquired a new stake in shares of Expand Energy in the first quarter valued at about $33,000. Institutional investors and hedge funds own 97.93% of the company's stock.

Analysts Set New Price Targets

EXE has been the topic of a number of recent research reports. Tudor Pickering & Holt lowered their price target on shares of Expand Energy from $119.00 to $118.00 in a research report on Tuesday, July 1st. Piper Sandler raised their target price on shares of Expand Energy from $139.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday. The Goldman Sachs Group dropped their price target on Expand Energy from $127.00 to $125.00 in a research report on Thursday, July 17th. Bernstein Bank reduced their price objective on Expand Energy from $150.00 to $146.00 in a research report on Monday, July 7th. Finally, Capital One Financial lowered their price objective on Expand Energy from $105.00 to $101.00 in a research note on Thursday, July 3rd. One research analyst has rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $129.50.

Expand Energy Stock Up 0.5%

Expand Energy stock opened at $104.78 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.59 and a current ratio of 0.78. The firm has a 50 day moving average price of $111.72 and a 200 day moving average price of $107.72. Expand Energy Corporation has a fifty-two week low of $69.12 and a fifty-two week high of $123.35. The company has a market capitalization of $24.94 billion, a PE ratio of 268.67 and a beta of 0.48.

Expand Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.10 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.04). The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $2.09 billion. Expand Energy had a net margin of 2.41% and a return on equity of 5.76%. Research analysts expect that Expand Energy Corporation will post 1.33 earnings per share for the current year.

Expand Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.30 dividend on an annualized basis and a yield of 2.2%. Expand Energy's dividend payout ratio is 589.74%.

About Expand Energy

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.

Want to see what other hedge funds are holding EXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expand Energy Corporation (NASDAQ:EXE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.