PDT Partners LLC Buys 31,690 Shares of Diversified Energy Company PLC (NYSE:DEC)

PDT Partners LLC increased its stake in Diversified Energy Company PLC (NYSE:DEC) by 231.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,386 shares of the company’s stock after purchasing an additional 31,690 shares during the period. PDT Partners LLC’s holdings in Diversified Energy were worth $516,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC bought a new stake in shares of Diversified Energy during the third quarter worth $31,000. FMR LLC bought a new stake in Diversified Energy during the 3rd quarter worth about $31,000. Virtu Financial LLC acquired a new position in Diversified Energy during the 1st quarter valued at about $136,000. Ballentine Partners LLC bought a new position in shares of Diversified Energy in the 3rd quarter valued at about $143,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Diversified Energy during the 2nd quarter worth approximately $189,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DEC. 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. KeyCorp began coverage on Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price target on the stock.

Diversified Energy Stock Down 2.1 %

Shares of DEC stock opened at $16.01 on Tuesday. The stock has a 50-day moving average of $12.83 and a 200-day moving average of $13.49. Diversified Energy Company PLC has a one year low of $10.54 and a one year high of $18.05.

Diversified Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Friday, February 28th.

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.