SG Americas Securities LLC Increases Stake in Diversified Energy Company PLC (NYSE:DEC)

SG Americas Securities LLC raised its position in Diversified Energy Company PLC (NYSE:DEC) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,687 shares of the company’s stock after purchasing an additional 3,255 shares during the quarter. SG Americas Securities LLC’s holdings in Diversified Energy were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DEC. The Manufacturers Life Insurance Company boosted its position in Diversified Energy by 3,058.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock valued at $8,101,000 after buying an additional 694,866 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $5,979,000. Barclays PLC boosted its holdings in shares of Diversified Energy by 166.9% in the third quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after purchasing an additional 322,986 shares during the period. State Street Corp grew its stake in Diversified Energy by 42.4% in the third quarter. State Street Corp now owns 552,844 shares of the company’s stock worth $6,291,000 after purchasing an additional 164,728 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Diversified Energy during the 3rd quarter worth $1,486,000. Institutional investors own 26.51% of the company’s stock.

Analyst Ratings Changes

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

Diversified Energy Stock Up 1.0 %

Shares of NYSE DEC opened at $16.77 on Wednesday. Diversified Energy Company PLC has a 12-month low of $10.54 and a 12-month high of $17.70. The stock’s fifty day simple moving average is $16.24 and its two-hundred day simple moving average is $14.07.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Friday, February 28th.

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.