Rathbones Group PLC Sells 105,719 Shares of Diversified Energy Company PLC (NYSE:DEC)

Rathbones Group PLC decreased its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 300,163 shares of the company's stock after selling 105,719 shares during the quarter. Rathbones Group PLC owned 0.62% of Diversified Energy worth $5,052,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. FMR LLC acquired a new position in Diversified Energy in the 3rd quarter valued at approximately $31,000. Signaturefd LLC increased its position in shares of Diversified Energy by 181.8% during the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company's stock valued at $130,000 after purchasing an additional 5,008 shares during the period. XTX Topco Ltd acquired a new position in shares of Diversified Energy in the third quarter valued at $163,000. Quantinno Capital Management LP bought a new position in Diversified Energy in the third quarter worth $167,000. Finally, Callan Family Office LLC acquired a new stake in Diversified Energy during the fourth quarter worth $248,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Up 3.4 %

Shares of NYSE:DEC traded up $0.37 on Friday, hitting $11.17. The stock had a trading volume of 592,978 shares, compared to its average volume of 351,524. The firm's 50 day moving average price is $13.46 and its 200-day moving average price is $14.22. Diversified Energy Company PLC has a twelve month low of $10.08 and a twelve month high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 10.39%.

Analyst Upgrades and Downgrades

DEC has been the subject of a number of analyst reports. Mizuho assumed coverage on shares of Diversified Energy in a report on Thursday. They set an "outperform" rating and a $23.00 price objective for the company. KeyCorp raised their price target on shares of Diversified Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. Finally, Truist Financial upped their price objective on Diversified Energy from $21.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, January 6th.

Diversified Energy Profile

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.