Jane Street Group LLC Purchases New Shares in Diversified Energy Company PLC (NYSE:DEC)

Jane Street Group LLC purchased a new stake in Diversified Energy Company PLC (NYSE:DEC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 34,036 shares of the company’s stock, valued at approximately $384,000.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at $31,000. FMR LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at $31,000. Ballentine Partners LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at $143,000. Quantinno Capital Management LP bought a new stake in shares of Diversified Energy during the 3rd quarter valued at $167,000. Finally, SG Americas Securities LLC bought a new stake in shares of Diversified Energy during the 3rd quarter valued at $176,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Price Performance

Diversified Energy stock opened at $16.60 on Thursday. Diversified Energy Company PLC has a 52 week low of $10.54 and a 52 week high of $17.70. The stock has a fifty day moving average of $15.36 and a 200-day moving average of $13.85.

Diversified Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.99%.

Analyst Ratings Changes

DEC has been the subject of a number of recent analyst reports. KeyCorp upped their target price on Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial boosted their price target on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Monday.

Diversified Energy 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.