Vanguard Group Inc. Acquires 468,312 Shares of Diversified Energy Company PLC (NYSE:DEC)

Vanguard Group Inc. lifted its holdings in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,768,108 shares of the company's stock after acquiring an additional 468,312 shares during the quarter. Vanguard Group Inc. owned approximately 5.74% of Diversified Energy worth $46,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DEC. FMR LLC acquired a new stake in Diversified Energy during the 3rd quarter worth $31,000. Signaturefd LLC grew its stake in Diversified Energy by 181.8% in the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company's stock valued at $130,000 after purchasing an additional 5,008 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Diversified Energy during the 3rd quarter worth approximately $163,000. Quantinno Capital Management LP bought a new stake in shares of Diversified Energy during the 3rd quarter worth approximately $167,000. Finally, Callan Family Office LLC acquired a new stake in shares of Diversified Energy in the 4th quarter valued at approximately $248,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Wall Street Analysts Forecast Growth

DEC has been the topic of several analyst reports. Mizuho began coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price target on the stock. KeyCorp lifted their price target on Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Finally, Truist Financial upped their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, January 6th.

Diversified Energy Trading Down 0.3 %

Shares of NYSE:DEC traded down $0.04 during trading on Thursday, reaching $11.72. 112,980 shares of the stock were exchanged, compared to its average volume of 351,585. The stock has a 50-day moving average price of $13.15 and a 200-day moving average price of $14.18. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 9.90%.

Diversified Energy Profile

Diversified Energy Company PLC operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. The company is involved in the production, marketing, and transportation of natural gas, natural gas liquids, crude oil, and condensates.