Alyeska Investment Group L.P. Makes New $1.30 Million Investment in Diversified Energy Company PLC (NYSE:DEC)

Alyeska Investment Group L.P. bought a new position in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 77,353 shares of the company's stock, valued at approximately $1,300,000. Alyeska Investment Group L.P. owned 0.16% of Diversified Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Diversified Energy by 20.4% during the 4th quarter. Vanguard Group Inc. now owns 2,768,108 shares of the company's stock worth $46,319,000 after acquiring an additional 468,312 shares during the period. Barclays PLC lifted its position in Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after buying an additional 322,986 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Diversified Energy during the 4th quarter valued at $5,979,000. Northern Trust Corp increased its stake in shares of Diversified Energy by 3.0% in the 4th quarter. Northern Trust Corp now owns 283,820 shares of the company's stock worth $4,768,000 after acquiring an additional 8,375 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new position in Diversified Energy during the 4th quarter valued at about $2,627,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup started coverage on Diversified Energy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target on the stock. KeyCorp reduced their target price on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Mizuho initiated coverage on Diversified Energy in a report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price target on the stock.

Diversified Energy Price Performance

Shares of NYSE DEC traded up $0.27 during midday trading on Monday, hitting $13.37. 109,775 shares of the company's stock traded hands, compared to its average volume of 363,856. Diversified Energy Company PLC has a 1 year low of $10.08 and a 1 year high of $17.70. The firm has a fifty day moving average of $12.31 and a 200 day moving average of $14.31.

Diversified Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 8.67%.

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.