Empowered Funds LLC Has $2.15 Million Stake in Diversified Energy Company PLC $DEC

Key Points

• Empowered Funds LLC cut its Diversified Energy stake by 65.3% in the first quarter, selling 231,814 shares and retaining 123,455 shares worth approximately $2.15 million. Institutional investors and hedge funds collectively own 26.51% of the company.
• Analysts maintain a generally positive view, with seven Buy ratings and three Hold ratings. Diversified Energy has a consensus rating of “Moderate Buy” and an average price target of $21.17, above its reported $13.51 share price.
• The company announced a quarterly dividend of $0.29 per share, equivalent to $1.16 annually and an 8.6% dividend yield; its payout ratio is 32.95%.

Empowered Funds LLC reduced its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 65.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 123,455 shares of the company's stock after selling 231,814 shares during the period. Empowered Funds LLC owned 0.17% of Diversified Energy worth $2,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DEC. Quarry LP raised its position in shares of Diversified Energy by 1,595.2% during the third quarter. Quarry LP now owns 2,119 shares of the company's stock worth $30,000 after acquiring an additional 1,994 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Diversified Energy in the fourth quarter valued at approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in Diversified Energy during the 4th quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its holdings in Diversified Energy by 261.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,069 shares of the company's stock worth $74,000 after purchasing an additional 3,666 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Diversified Energy in the 4th quarter worth approximately $111,000. 26.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Stephens initiated coverage on shares of Diversified Energy in a research report on Wednesday, April 15th. They set an "overweight" rating and a $24.00 price objective for the company. Truist Financial dropped their target price on shares of Diversified Energy from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Diversified Energy in a research report on Tuesday. Citigroup decreased their price target on Diversified Energy from $19.00 to $16.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Finally, Jefferies Financial Group raised Diversified Energy to a "hold" rating in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Diversified Energy presently has a consensus rating of "Moderate Buy" and an average target price of $21.17.

Diversified Energy Stock Performance

DEC opened at $13.51 on Friday. Diversified Energy Company PLC has a 1-year low of $12.33 and a 1-year high of $18.90. The company has a market cap of $976.68 million, a price-to-earnings ratio of 3.84 and a beta of -0.38. The company's fifty day moving average price is $13.49 and its two-hundred day moving average price is $14.44. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 3.57.

Diversified Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 2nd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Wednesday, December 2nd. Diversified Energy's dividend payout ratio is currently 32.95%.

Diversified Energy Company Profile

Diversified Energy Company PLC NYSE: DEC is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.

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