Mirae Asset Global Investments Co. Ltd. Buys New Holdings in Expand Energy Corporation $EXE

Mirae Asset Global Investments Co. Ltd. bought a new position in Expand Energy Corporation (NASDAQ:EXE) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 61,385 shares of the company’s stock, valued at approximately $5,162,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vise Technologies Inc. grew its holdings in shares of Expand Energy by 134.8% in the third quarter. Vise Technologies Inc. now owns 8,727 shares of the company’s stock worth $734,000 after acquiring an additional 5,011 shares during the period. MGO One Seven LLC increased its position in Expand Energy by 23.2% during the third quarter. MGO One Seven LLC now owns 10,144 shares of the company’s stock valued at $853,000 after acquiring an additional 1,909 shares during the last quarter. Brooklands Fund Management Ltd lifted its holdings in Expand Energy by 1.5% in the third quarter. Brooklands Fund Management Ltd now owns 134,190 shares of the company’s stock valued at $11,284,000 after acquiring an additional 2,000 shares during the period. D.A. Davidson & CO. lifted its holdings in Expand Energy by 8.2% in the third quarter. D.A. Davidson & CO. now owns 15,020 shares of the company’s stock valued at $1,263,000 after acquiring an additional 1,144 shares during the period. Finally, North Dakota State Investment Board lifted its holdings in Expand Energy by 1.9% in the third quarter. North Dakota State Investment Board now owns 6,891 shares of the company’s stock valued at $579,000 after acquiring an additional 129 shares during the period. Institutional investors own 97.93% of the company’s stock.

Expand Energy Stock Down 2.3%

EXE stock opened at $85.34 on Friday. Expand Energy Corporation has a twelve month low of $83.25 and a twelve month 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 $19.71 billion, a P/E ratio of 7.40 and a beta of 0.40. The business’s 50-day moving average price is $91.31 and its 200-day moving average price is $96.55.

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

Expand Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be issued 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 2.7%. Expand Energy’s payout ratio is currently 19.93%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXE. Stifel Nicolaus started coverage on Expand Energy in a research report on Wednesday, September 9th. They issued a “buy” rating and a $135.00 target price on the stock. William Blair assumed coverage on shares of Expand Energy in a research report on Thursday, October 29th. They set a “hold” rating for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $117.00 price objective on shares of Expand Energy in a research note on Tuesday, October 20th. Truist Financial raised their price objective on shares of Expand Energy from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Johnson Rice lowered shares of Expand Energy from a “buy” rating to an “accumulate” rating and cut their target price for the company from $135.00 to $125.00 in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.