Mirae Asset Securities (Usa) 13F: Exits Expand Energy (EXE) Stake

Mirae Asset Securities has closed out its position in Expand Energy Corporation (NasdaqGS: EXE), according to a Form 13F filing with the SEC on October 15, 2026. Because these regulatory reports look backward at prior holdings, the disclosure reflects the fund's portfolio status during the period and might not represent its current stance today.

What Changed in Mirae Asset Securities's Expand Energy Position

During the quarter, Mirae Asset liquidated its entire holding, selling off all 99,722 shares of the natural gas producer. The complete exit wiped out a position that previously gave the firm exposure to the energy sector. As a 13F filing, the report captures portfolio adjustments made over the reporting period rather than real-time trades.

Other Institutional Activity in Expand Energy

Other large institutional investors made adjustments to their own positions in the natural gas producer during the period. Blackrock Inc. grew its holdings by 861,019 shares, ending with 19,497,795 shares worth about $1,821,289,102 after a 4.6% increase. State Street Corporation grew its holdings by 1,124,767 shares, ending with 15,619,193 shares worth about $1,458,988,875 following a 7.8% increase. Vanguard Capital Management LLC grew its holdings by 73,070 shares, ending with 15,619,960 shares worth about $1,459,060,520 after a 0.5% increase. Vanguard Portfolio Management LLC grew its holdings by 476,996 shares, ending with 11,834,044 shares worth about $1,105,418,093 following a 4.2% increase. Geode Capital Management, LLC grew its holdings by 110,592 shares, ending with 6,732,861 shares worth about $628,916,570 after a 1.7% increase.

Expand Energy Corporation Stock Up 3.1%

Expand Energy shares recently traded around $93.64, sitting roughly 1.2% above their 50-day moving average of $92.52. The stock remains about 26.0% below its 52-week high of $126.62 and trades 12.5% above its 52-week low of $83.25. Its price is positioned below the consensus analyst target mean price of $122.50.

Recent Earnings

Expand Energy reported trailing-twelve-month revenue of $12,657,999,872 alongside earnings of $11.60 per share. The company posted a net profit margin of 22.0% and a return on equity of 14.9%. The next quarterly earnings report is scheduled for release on October 27, 2026.

Dividend

Expand Energy pays an annual dividend rate of $2.30 per share, which translates to a dividend yield of 2.53%. The payout ratio sits at 27.5% of earnings.

Insider Buying and Selling at Expand Energy Corporation

Company insiders made several stock purchases earlier in the year. On June 4, 2026, Chief Financial Officer Marcel Teunissen bought 2,000 shares at an average price of $92.88 for a total value of $185,760. On the same date, Chief Executive Officer Michael A. Wichterich bought 1,000 shares at an average price of $93.36 totaling $93,360. Later, on June 12, 2026, executive leadership added more shares, with Michael Wichterich buying 1,000 shares at $88.90 for $88,900, and Michael A. Wichterich acquiring another 1,000 shares at the same price for $88,900.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on the stock ahead of the upcoming earnings release. On October 5, 2026, Raymond James maintained a Strong Buy rating while lowering its price target from $147.00 to $141.00. On the same day, Bernstein maintained an Outperform rating and trimmed its target from $160.00 to $127.00. Mizuho maintained an Outperform rating on October 6, 2026, moving its target from $145.00 down to $138.00. Later, on October 15, 2026, UBS maintained a Buy rating with a target of $120.00, while Morgan Stanley kept an Overweight rating and adjusted its target from $129.00 to $124.00. Overall, the stock carries a consensus buy recommendation from 28 analysts.

About Expand Energy

Expand Energy operates as an independent natural gas production company focused on acquiring, exploring, and developing properties to produce oil, natural gas, and natural gas liquids in the United States. Its assets include positions in the Marcellus and Utica Shales across Pennsylvania, Ohio, and West Virginia, alongside the Haynesville and Bossier Shales in Louisiana and Texas. Institutional portfolio shifts like Mirae Asset's exit highlight how professional managers continuously rebalance exposure across the domestic energy sector.

Bottom Line

Investors are keeping an eye on Expand Energy's upcoming financial results scheduled for late October. Because 13F filings reflect historical positions from prior periods, further updates will show whether other investment managers follow Mirae Asset's lead or continue holding the natural gas producer. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.