Bridgeway Capital Management LLC Lowers Stock Holdings in Diversified Energy Company PLC (NYSE:DEC)

Bridgeway Capital Management LLC cut its stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 254,720 shares of the company's stock after selling 23,369 shares during the quarter. Bridgeway Capital Management LLC owned 0.53% of Diversified Energy worth $4,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its stake in Diversified Energy by 166.9% in the 3rd 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 last quarter. Artemis Investment Management LLP purchased a new stake in shares of Diversified Energy during the fourth quarter valued at approximately $5,979,000. Proficio Capital Partners LLC bought a new stake in Diversified Energy during the fourth quarter worth $352,000. JPMorgan Chase & Co. boosted its position in Diversified Energy by 31.8% in the fourth quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company's stock worth $2,195,000 after purchasing an additional 31,509 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Diversified Energy in the 3rd quarter valued at $384,000. Institutional investors own 26.51% of the company's stock.

Diversified Energy Trading Up 0.2 %

Diversified Energy stock traded up $0.02 during midday trading on Friday, reaching $13.12. The stock had a trading volume of 312,807 shares, compared to its average volume of 364,852. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70. The firm's 50-day moving average price is $12.31 and its 200 day moving average price is $14.29.

Diversified Energy Announces Dividend

The firm also recently declared 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date is Friday, May 30th.

Analyst Ratings Changes

DEC has been the topic of a number of research analyst reports. KeyCorp cut their price target on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Mizuho started coverage on shares of Diversified Energy in a research note on Thursday, April 10th. They issued an "outperform" rating and a $23.00 target price on the stock. Finally, Citigroup started coverage on shares of Diversified Energy in a research note on Tuesday, April 29th. They set a "buy" rating and a $16.00 price target for the company.

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.