Fortress Investment Group LLC Makes New $4.98 Million Investment in Diversified Energy Company PLC $DEC

Fortress Investment Group LLC purchased a new stake in shares of Diversified Energy Company PLC (NYSE:DEC) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 355,242 shares of the company’s stock, valued at approximately $4,977,000. Diversified Energy accounts for approximately 0.7% of Fortress Investment Group LLC’s investment portfolio, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in shares of Diversified Energy by 6.9% during the 2nd quarter. Empowered Funds LLC now owns 287,236 shares of the company’s stock valued at $4,214,000 after buying an additional 18,572 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in Diversified Energy in the 2nd quarter worth $9,084,000. Segall Bryant & Hamill LLC bought a new stake in Diversified Energy during the second quarter valued at about $2,377,000. Tejara Capital Ltd raised its holdings in Diversified Energy by 1,903.1% during the second quarter. Tejara Capital Ltd now owns 1,905,333 shares of the company’s stock valued at $27,951,000 after acquiring an additional 1,810,214 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Diversified Energy by 4.6% in the second quarter. Legal & General Group Plc now owns 897,365 shares of the company’s stock valued at $13,329,000 after acquiring an additional 39,334 shares in the last quarter. 26.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DEC. Zacks Research lowered Diversified Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Weiss Ratings raised Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Diversified Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Citigroup cut their price objective on shares of Diversified Energy from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Mizuho lifted their price objective on shares of Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Diversified Energy Trading Up 1.1%

Shares of Diversified Energy stock opened at $14.60 on Monday. Diversified Energy Company PLC has a twelve month low of $10.08 and a twelve month high of $16.85. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.73. The business has a 50-day moving average price of $13.46 and a 200-day moving average price of $14.00. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.93 and a beta of 0.46.

Diversified Energy (NYSE:DEC) last posted its earnings results on Friday, February 6th. The company reported $2.28 EPS for the quarter. Equities research analysts anticipate that Diversified Energy Company PLC will post 0.18 EPS for the current fiscal year.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, May 29th. Diversified Energy’s dividend payout ratio is 78.91%.

Insider Activity

In other news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $13.28, for a total transaction of $27,888,000.00. Following the completion of the transaction, the director directly owned 7,501,585 shares in the company, valued at approximately $99,621,048.80. This represents a 21.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Diversified Energy Company Profile

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.