JPMorgan Chase & Co. lifted its position in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 30.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,159 shares of the company's stock after purchasing an additional 23,126 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of Diversified Energy worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company's stock worth $1,291,000 after purchasing an additional 1,910 shares in the last quarter. Signaturefd LLC acquired a new stake in Diversified Energy in the 3rd quarter valued at $31,000. FMR LLC acquired a new stake in Diversified Energy in the 3rd quarter valued at $31,000. Mraz Amerine & Associates Inc. boosted its stake in Diversified Energy by 8.4% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 117,366 shares of the company's stock valued at $1,336,000 after buying an additional 9,087 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Diversified Energy in the 3rd quarter valued at $143,000. Institutional investors and hedge funds own 26.51% of the company's stock.
Analyst Upgrades and Downgrades
DEC has been the topic of several recent analyst reports. KeyCorp boosted their price target on Diversified Energy from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. Truist Financial lifted their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, January 6th.
Check Out Our Latest Stock Report on Diversified Energy
Diversified Energy Trading Down 2.6 %
DEC traded down $0.42 during trading on Friday, hitting $15.77. The company's stock had a trading volume of 239,948 shares, compared to its average volume of 179,490. The firm's 50 day moving average price is $16.19 and its two-hundred day moving average price is $14.08. Diversified Energy Company PLC has a 12 month low of $10.54 and a 12 month high of $17.70.
Diversified Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a yield of 7.36%.
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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