Diversified Energy Company PLC (NYSE:DEC - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.95, but opened at $12.45. Diversified Energy shares last traded at $12.65, with a volume of 42,266 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. KeyCorp raised their target price on Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Truist Financial increased their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a report on Monday, January 6th.
View Our Latest Research Report on DEC
Diversified Energy Price Performance
The company has a 50-day moving average price of $14.87 and a 200-day moving average price of $14.07.
Diversified Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.76%.
Institutional Investors Weigh In On Diversified Energy
Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Diversified Energy by 3,058.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company's stock valued at $8,101,000 after buying an additional 694,866 shares in the last quarter. Vanguard Group Inc. increased its stake in Diversified Energy by 20.4% in the fourth quarter. Vanguard Group Inc. now owns 2,768,108 shares of the company's stock valued at $46,319,000 after acquiring an additional 468,312 shares during the period. Woodline Partners LP acquired a new position in Diversified Energy in the fourth quarter worth about $6,274,000. Artemis Investment Management LLP bought a new position in Diversified Energy during the fourth quarter worth about $5,979,000. Finally, Barclays PLC boosted its holdings in Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after purchasing an additional 322,986 shares in the last quarter. Institutional investors own 26.51% of the company's stock.
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.
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