Signaturefd LLC Acquires 5,008 Shares of Diversified Energy Company PLC (NYSE:DEC)

Signaturefd LLC raised its stake in shares of Diversified Energy Company PLC (NYSE:DEC) by 181.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,763 shares of the company’s stock after acquiring an additional 5,008 shares during the period. Signaturefd LLC’s holdings in Diversified Energy were worth $130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC bought a new position in Diversified Energy during the third quarter valued at approximately $31,000. XTX Topco Ltd bought a new position in shares of Diversified Energy during the 3rd quarter valued at $163,000. Quantinno Capital Management LP purchased a new position in shares of Diversified Energy in the 3rd quarter worth $167,000. Callan Family Office LLC bought a new stake in shares of Diversified Energy in the fourth quarter worth $248,000. Finally, SG Americas Securities LLC grew its holdings in shares of Diversified Energy by 21.1% in the fourth quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock worth $314,000 after acquiring an additional 3,255 shares during the period. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Price Performance

Shares of DEC stock opened at $13.24 on Monday. Diversified Energy Company PLC has a 1 year low of $10.72 and a 1 year high of $17.70. The firm has a fifty day moving average price of $14.81 and a 200-day moving average price of $14.11.

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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 8.76%. The ex-dividend date is Friday, May 30th.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DEC shares. KeyCorp raised their target price on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. Truist Financial increased their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

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.