Empowered Funds LLC bought a new position in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 130,589 shares of the company's stock, valued at approximately $1,486,000. Empowered Funds LLC owned about 0.27% of Diversified Energy at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new position in Diversified Energy during the third quarter worth approximately $31,000. Virtu Financial LLC acquired a new position in Diversified Energy during the first quarter worth approximately $136,000. Ballentine Partners LLC acquired a new position in Diversified Energy during the third quarter worth approximately $143,000. SG Americas Securities LLC purchased a new stake in Diversified Energy during the third quarter worth approximately $176,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Diversified Energy during the second quarter worth approximately $189,000. Institutional investors and hedge funds own 26.51% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Diversified Energy in a research note on Wednesday, August 28th. They set an "overweight" rating and a $18.00 price objective for the company. Truist Financial boosted their price objective on shares of Diversified Energy from $19.00 to $21.00 and gave the stock a "buy" rating in a research note on Monday.
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Diversified Energy Price Performance
Shares of DEC stock traded down $0.20 on Friday, hitting $15.99. The stock had a trading volume of 216,991 shares, compared to its average volume of 267,058. The stock's 50 day moving average is $12.28 and its 200-day moving average is $13.40. Diversified Energy Company PLC has a 52-week low of $10.54 and a 52-week high of $18.69.
Diversified Energy Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.25%.
Diversified Energy Company Profile
(
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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