Deutsche Bank AG Buys 18,638 Shares of Diversified Energy Company PLC (NYSE:DEC)

Deutsche Bank AG lifted its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 18.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,381 shares of the company's stock after purchasing an additional 18,638 shares during the period. Deutsche Bank AG owned approximately 0.25% of Diversified Energy worth $1,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in Diversified Energy by 1.7% in the fourth quarter. Invesco Ltd. now owns 39,195 shares of the company's stock worth $658,000 after purchasing an additional 638 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Diversified Energy by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 27,287 shares of the company's stock valued at $458,000 after buying an additional 1,085 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Diversified Energy by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 29,267 shares of the company's stock worth $492,000 after purchasing an additional 1,597 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Diversified Energy by 21.1% in the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company's stock valued at $314,000 after buying an additional 3,255 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Diversified Energy by 23.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,744 shares of the company's stock worth $315,000 after purchasing an additional 3,513 shares during the period. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Performance

Diversified Energy stock traded down $0.18 during mid-day trading on Thursday, hitting $14.16. 366,474 shares of the company's stock were exchanged, compared to its average volume of 373,631. The company's 50 day simple moving average is $12.78 and its 200-day simple moving average is $14.44. Diversified Energy Company PLC has a fifty-two week low of $10.08 and a fifty-two week high of $17.70.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Friday, August 29th.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DEC shares. KeyCorp dropped their target price on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Citigroup started coverage on Diversified Energy in a research note on Tuesday, April 29th. They set a "buy" rating and a $16.00 price objective for the company. Mizuho began coverage on Diversified Energy in a report on Thursday, April 10th. They set an "outperform" rating and a $23.00 target price on the stock. Finally, Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.75.

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.