State Street Corp Increases Stock Position in Diversified Energy Company PLC (NYSE:DEC)

State Street Corp grew its stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 42.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,844 shares of the company's stock after purchasing an additional 164,728 shares during the quarter. State Street Corp owned approximately 1.15% of Diversified Energy worth $6,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. M&G PLC raised its stake in Diversified Energy by 5.1% in the 3rd quarter. M&G PLC now owns 1,803,398 shares of the company's stock valued at $20,523,000 after purchasing an additional 87,775 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Diversified Energy by 77.5% during the second 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 in the last quarter. Empowered Funds LLC acquired a new stake in shares of Diversified Energy in the third quarter valued at about $1,486,000. PDT Partners LLC lifted its stake in shares of Diversified Energy by 231.4% in the third quarter. PDT Partners LLC now owns 45,386 shares of the company's stock worth $516,000 after buying an additional 31,690 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Diversified Energy during the second quarter worth about $820,000. Hedge funds and other institutional investors own 26.51% of the company's stock.

Diversified Energy Stock Down 1.4 %

NYSE:DEC traded down $0.22 during trading hours on Friday, hitting $15.93. The company had a trading volume of 163,031 shares, compared to its average volume of 264,882. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $17.05. The company has a 50-day moving average of $14.54 and a 200 day moving average of $13.69.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend yield of 7.28%. The ex-dividend date of this dividend is Friday, February 28th.

Analysts Set New Price Targets

Separately, Truist Financial increased their price objective on shares of Diversified Energy from $19.00 to $21.00 and gave the company a "buy" rating in a report on Monday, November 18th.

Diversified Energy Company 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.