Truist Financial Issues Positive Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC - Free Report) had its price objective raised by Truist Financial from $19.00 to $21.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, KeyCorp assumed coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They set an "overweight" rating and a $18.00 price target for the company.

Diversified Energy Stock Up 5.2 %

NYSE DEC traded up $0.74 during mid-day trading on Monday, reaching $15.09. 314,577 shares of the stock were exchanged, compared to its average volume of 264,906. The business's fifty day simple moving average is $11.90 and its 200 day simple moving average is $13.34. Diversified Energy has a 1-year low of $10.54 and a 1-year high of $18.69.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Friday, February 28th.

Institutional Trading of Diversified Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Diversified Energy by 166.9% in the 3rd quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after acquiring an additional 322,986 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Diversified Energy in the 3rd quarter valued at about $163,000. Jane Street Group LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at about $384,000. State Street Corp raised its stake in Diversified Energy by 42.4% during the third quarter. State Street Corp now owns 552,844 shares of the company's stock worth $6,291,000 after acquiring an additional 164,728 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Diversified Energy in the third quarter worth about $167,000. 26.51% of the stock is owned by institutional investors and hedge funds.

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.