20,933 Shares in Diversified Energy Company PLC (NYSE:DEC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Diversified Energy Company PLC (NYSE:DEC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,933 shares of the company's stock, valued at approximately $352,000.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Diversified Energy by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company's stock valued at $1,291,000 after acquiring an additional 1,910 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Diversified Energy by 3,058.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company's stock valued at $8,101,000 after buying an additional 694,866 shares during the period. FMR LLC acquired a new stake in Diversified Energy during the 3rd quarter worth $31,000. MetLife Investment Management LLC lifted its holdings in Diversified Energy by 129.1% during the third quarter. MetLife Investment Management LLC now owns 27,670 shares of the company's stock worth $315,000 after acquiring an additional 15,591 shares in the last quarter. Finally, PDT Partners LLC grew its stake in Diversified Energy by 231.4% in the third quarter. PDT Partners LLC now owns 45,386 shares of the company's stock valued at $516,000 after acquiring an additional 31,690 shares during the period. Institutional investors own 26.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on DEC. Truist Financial boosted their target price on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, January 6th. KeyCorp boosted their price objective on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 7th.

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Diversified Energy Price Performance

Shares of NYSE DEC traded down $0.01 during mid-day trading on Friday, hitting $13.41. The company had a trading volume of 412,144 shares, compared to its average volume of 334,028. The firm has a 50-day simple moving average of $14.50 and a two-hundred day simple moving average of $14.17. Diversified Energy Company PLC has a one year low of $10.72 and a one year high of $17.70.

Diversified Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 8.65%.

About Diversified Energy

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.