Citadel Advisors LLC Decreases Holdings in Diversified Energy Company PLC (NYSE:DEC)

Citadel Advisors LLC lowered its stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 75.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,638 shares of the company's stock after selling 155,730 shares during the quarter. Citadel Advisors LLC owned about 0.11% of Diversified Energy worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Diversified Energy by 20.4% in the 4th quarter. Vanguard Group Inc. now owns 2,768,108 shares of the company's stock worth $46,319,000 after purchasing an additional 468,312 shares during the period. Barclays PLC raised its position in Diversified Energy by 166.9% during the 3rd quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after purchasing an additional 322,986 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Diversified Energy by 112.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 384,689 shares of the company's stock valued at $6,463,000 after purchasing an additional 203,700 shares in the last quarter. Northern Trust Corp raised its position 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 bought a new position in shares of Diversified Energy in the 4th quarter worth $2,627,000. Institutional investors own 26.51% of the company's stock.

Wall Street Analysts Forecast Growth

DEC has been the topic of several recent analyst reports. Mizuho initiated coverage on Diversified Energy in a research report on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price on the stock. Citigroup began coverage on Diversified Energy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $16.00 target price on the stock. KeyCorp lowered their price target 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. Finally, Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.75.

Diversified Energy Stock Down 0.1%

Diversified Energy stock traded down $0.02 during midday trading on Tuesday, reaching $14.10. The company's stock had a trading volume of 284,842 shares, compared to its average volume of 375,202. Diversified Energy Company PLC has a fifty-two week low of $10.08 and a fifty-two week high of $17.70. The business has a 50-day simple moving average of $12.82 and a 200-day simple moving average of $14.45.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend is Friday, August 29th.

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.