M&G PLC lifted its holdings in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,803,398 shares of the company's stock after purchasing an additional 87,775 shares during the period. M&G PLC owned about 3.74% of Diversified Energy worth $20,523,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Signaturefd LLC acquired a new position in Diversified Energy during the third quarter worth $31,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Diversified Energy in the 1st quarter valued at approximately $131,000. Virtu Financial LLC purchased a new position in shares of Diversified Energy during the 1st quarter worth approximately $136,000. Ballentine Partners LLC purchased a new stake in Diversified Energy in the third quarter valued at approximately $143,000. Finally, SG Americas Securities LLC acquired a new position in Diversified Energy during the third quarter worth $176,000. Institutional investors and hedge funds own 26.51% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on DEC. KeyCorp started coverage on shares of Diversified Energy in a report on Wednesday, August 28th. They issued an "overweight" rating and a $18.00 price objective for the company. Truist Financial reduced their price objective on Diversified Energy from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, September 30th.
View Our Latest Research Report on DEC
Diversified Energy Price Performance
Shares of DEC traded down $0.48 during midday trading on Friday, reaching $12.66. The stock had a trading volume of 177,564 shares, compared to its average volume of 263,717. The company's fifty day simple moving average is $11.70 and its two-hundred day simple moving average is $13.36. Diversified Energy Company PLC has a 1-year low of $10.54 and a 1-year high of $18.69.
Diversified Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend is Friday, November 29th.
About Diversified Energy
(
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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