Diversified Energy Company PLC (NYSE:DEC - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $15.94, but opened at $16.38. Diversified Energy shares last traded at $16.45, with a volume of 30,389 shares changing hands.
Analysts Set New Price Targets
DEC has been the subject of several research reports. Truist Financial lifted their target price on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, January 6th. KeyCorp upped their price objective on Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th.
Check Out Our Latest Report on DEC
Diversified Energy Stock Performance
The stock has a 50-day moving average price of $16.27 and a 200 day moving average price of $14.10.
Diversified Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 7.00%. The ex-dividend date is Friday, February 28th.
Institutional Investors Weigh In On Diversified Energy
A number of hedge funds and other institutional investors have recently modified their holdings of DEC. Proficio Capital Partners LLC purchased a new position in Diversified Energy in the fourth quarter valued at $352,000. Empowered Funds LLC boosted its position in shares of Diversified Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 137,220 shares of the company's stock worth $2,305,000 after acquiring an additional 6,631 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Diversified Energy by 21.1% during the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company's stock worth $314,000 after acquiring an additional 3,255 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Diversified Energy during the 4th quarter worth about $5,979,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Diversified Energy during the 4th quarter worth about $390,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.
Diversified Energy Company Profile
(
Get Free Report)
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.
Further Reading
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