Diversified Energy (NYSE:DEC - Free Report) had its price objective increased by KeyCorp from $18.00 to $19.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
Separately, Truist Financial lifted their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a report on Monday.
View Our Latest Report on Diversified Energy
Diversified Energy Trading Up 0.8 %
NYSE DEC traded up $0.13 on Tuesday, hitting $16.81. 325,228 shares of the stock traded hands, compared to its average volume of 319,507. The stock has a 50-day moving average of $15.17 and a 200 day moving average of $13.81. Diversified Energy has a twelve month low of $10.54 and a twelve month high of $17.70.
Diversified Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a yield of 6.90%.
Hedge Funds Weigh In On Diversified Energy
Several institutional investors have recently made changes to their positions in DEC. Charles Schwab Investment Management Inc. boosted its position in Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company's stock valued at $1,291,000 after purchasing an additional 1,910 shares during the period. Signaturefd LLC acquired a new position in shares of Diversified Energy during the third quarter valued at $31,000. FMR LLC bought a new position in shares of Diversified Energy during the third quarter worth about $31,000. Brighton Jones LLC increased its holdings in shares of Diversified Energy by 28.2% in the 2nd quarter. Brighton Jones LLC now owns 25,034 shares of the company's stock worth $338,000 after acquiring an additional 5,501 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its position 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 purchasing an additional 9,087 shares during the last quarter. 26.51% of the stock is owned by institutional investors.
About Diversified Energy
(
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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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