Barclays PLC Sells 345,945 Shares of Diversified Energy Company PLC (NYSE:DEC)

Barclays PLC lessened its holdings in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 67.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,590 shares of the company's stock after selling 345,945 shares during the period. Barclays PLC owned about 0.35% of Diversified Energy worth $2,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Diversified Energy by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 2,768,108 shares of the company's stock valued at $46,319,000 after buying an additional 468,312 shares during the period. Artemis Investment Management LLP purchased a new position in Diversified Energy during the 4th quarter valued at $5,979,000. Russell Investments Group Ltd. raised its holdings in Diversified Energy by 801.2% in the 4th quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company's stock worth $848,000 after purchasing an additional 44,900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Diversified Energy in the 3rd quarter worth about $384,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Diversified Energy by 31.8% during the 4th quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company's stock valued at $2,195,000 after purchasing an additional 31,509 shares in the last quarter. Institutional investors own 26.51% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on DEC. KeyCorp cut their price objective on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Citigroup started coverage on Diversified Energy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target on the stock. Mizuho began coverage on Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, January 6th.

Diversified Energy Stock Down 1.0 %

NYSE:DEC traded down $0.13 during trading hours on Monday, reaching $12.92. 53,746 shares of the company traded hands, compared to its average volume of 359,142. The business's 50-day moving average price is $12.32 and its two-hundred day moving average price is $14.26. Diversified Energy Company PLC has a 1 year low of $10.08 and a 1 year high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 8.98%. The ex-dividend date is Friday, May 30th.

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.