PDT Partners LLC boosted its holdings in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 231.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,386 shares of the company's stock after purchasing an additional 31,690 shares during the period. PDT Partners LLC owned about 0.09% of Diversified Energy worth $516,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. M&G PLC lifted its stake in shares of Diversified Energy by 5.1% during the third quarter. M&G PLC now owns 1,803,398 shares of the company's stock valued at $20,523,000 after acquiring an additional 87,775 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Diversified Energy by 77.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company's stock worth $34,973,000 after buying an additional 1,150,794 shares during the period. Empowered Funds LLC bought a new stake in shares of Diversified Energy during the third quarter worth approximately $1,486,000. Mackenzie Financial Corp acquired a new position in Diversified Energy in the second quarter valued at approximately $820,000. Finally, Bank of New York Mellon Corp bought a new position in Diversified Energy in the second quarter valued at approximately $1,983,000. 26.51% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have issued reports on DEC. Truist Financial raised their target price on Diversified Energy from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, November 18th. 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 on the stock.
Check Out Our Latest Research Report on DEC
Diversified Energy Price Performance
Shares of NYSE:DEC traded up $0.66 during midday trading on Tuesday, hitting $16.65. The stock had a trading volume of 489,755 shares, compared to its average volume of 268,470. Diversified Energy Company PLC has a 12 month low of $10.54 and a 12 month high of $18.05. The business's 50-day simple moving average is $13.03 and its 200-day simple moving average is $13.51.
Diversified Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend is Friday, February 28th.
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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