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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in DEC. Artemis Investment Management LLP acquired a new position in shares of Diversified Energy during the fourth quarter worth approximately $5,979,000. Proficio Capital Partners LLC acquired a new stake in shares of Diversified Energy in the 4th quarter valued at $352,000. JPMorgan Chase & Co. raised its position in shares of Diversified Energy by 31.8% during the fourth quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company's stock worth $2,195,000 after acquiring an additional 31,509 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Diversified Energy during the third quarter valued at $384,000. Finally, Russell Investments Group Ltd. boosted its holdings in Diversified Energy by 801.2% in the fourth quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company's stock valued at $848,000 after acquiring an additional 44,900 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Up 0.7 %

Shares of Diversified Energy stock opened at $12.81 on Wednesday. The stock's fifty day simple moving average is $12.40 and its 200 day simple moving average is $14.22. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 9.06%.

Analyst Ratings Changes

DEC has been the subject of several analyst reports. Truist Financial lifted their price target 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. Mizuho started coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price for the company. Citigroup began coverage on Diversified Energy in a research note on Tuesday. They set a "buy" rating and a $16.00 price objective for the company. Finally, KeyCorp reduced their target price on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a report on Monday, April 21st.

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.

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