Mirae Asset Global Investments Co. Ltd. Makes New $5.16 Million Investment in Expand Energy Corporation $EXE

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Expand Energy Corporation (NASDAQ:EXE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 61,385 shares of the company’s stock, valued at approximately $5,162,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Eastern Bank purchased a new position in shares of Expand Energy in the second quarter valued at about $27,000. Ascentis Independent Advisors bought a new position in shares of Expand Energy in the first quarter worth about $32,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Expand Energy during the second quarter worth about $32,000. Harbor Investment Advisory LLC purchased a new stake in shares of Expand Energy during the second quarter worth about $33,000. Finally, Amplify Investments LLC purchased a new stake in shares of Expand Energy during the second quarter worth about $33,000. 97.93% of the stock is owned by institutional investors.

Expand Energy Stock Down 2.3%

EXE opened at $85.34 on Friday. The firm has a 50-day simple moving average of $91.31 and a two-hundred day simple moving average of $96.55. Expand Energy Corporation has a 52 week low of $83.25 and a 52 week high of $126.62. The company has a market capitalization of $19.71 billion, a PE ratio of 7.40 and a beta of 0.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24.

Expand Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 27th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.17. Expand Energy had a return on equity of 10.69% and a net margin of 19.78%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $2.85 billion. Analysts forecast that Expand Energy Corporation will post 8.73 earnings per share for the current fiscal year.

Expand Energy Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.30 dividend on an annualized basis and a yield of 2.7%. Expand Energy’s dividend payout ratio is presently 19.93%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Freedom Broker raised Expand Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. William Blair started coverage on Expand Energy in a research note on Thursday, October 29th. They issued a “hold” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price objective on shares of Expand Energy in a report on Tuesday, October 20th. Scotiabank started coverage on shares of Expand Energy in a report on Wednesday, October 14th. They set an “outperform” rating and a $111.00 price objective for the company. Finally, Roth Capital reiterated a “neutral” rating and set a $93.00 price objective on shares of Expand Energy in a research report on Wednesday, July 29th. Three 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $123.00.

Expand Energy Company Profile

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.