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

Bridgeway Capital Management LLC cut its holdings in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,720 shares of the company's stock after selling 23,369 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.53% of Diversified Energy worth $4,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DEC. 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 stake in Diversified Energy in the fourth quarter worth $5,979,000. Barclays PLC boosted its holdings in 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 acquiring an additional 322,986 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Diversified Energy by 112.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 384,689 shares of the company's stock valued at $6,463,000 after acquiring an additional 203,700 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new position in Diversified Energy during the 4th quarter valued at $2,627,000. Hedge funds and other institutional investors own 26.51% of the company's stock.

Diversified Energy Stock Up 3.7%

Shares of Diversified Energy stock traded up $0.49 during trading on Tuesday, hitting $13.75. The company's stock had a trading volume of 214,790 shares, compared to its average volume of 364,577. Diversified Energy Company PLC has a 52 week low of $10.08 and a 52 week high of $17.70. The company has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $14.32.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued 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 8.44%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Mizuho assumed coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 target price for the company. Citigroup assumed coverage on shares of Diversified Energy in a report on Tuesday, April 29th. They issued 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.