Quantinno Capital Management LP Boosts Position in Diversified Energy Company PLC (NYSE:DEC)

Quantinno Capital Management LP raised its position in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 197.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,815 shares of the company's stock after purchasing an additional 29,084 shares during the period. Quantinno Capital Management LP owned about 0.09% of Diversified Energy worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEC. Signaturefd LLC lifted its holdings in Diversified Energy by 181.8% in the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company's stock valued at $130,000 after purchasing an additional 5,008 shares in the last quarter. Walleye Capital LLC purchased a new position in Diversified Energy in the 4th quarter valued at about $223,000. Callan Family Office LLC purchased a new position in Diversified Energy in the 4th quarter valued at about $248,000. Quadrant Capital Group LLC lifted its holdings in Diversified Energy by 51.9% in the 4th quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock valued at $282,000 after purchasing an additional 5,738 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Diversified Energy in the 4th quarter valued at about $293,000. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

Diversified Energy Trading Up 2.7%

Shares of DEC stock traded up $0.38 during trading hours on Tuesday, hitting $14.44. 465,765 shares of the company were exchanged, compared to its average volume of 372,290. Diversified Energy Company PLC has a 1 year low of $10.08 and a 1 year high of $17.70. The firm has a fifty day moving average of $12.72 and a 200 day moving average of $14.43.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 8.03%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup started coverage on shares of Diversified Energy in a report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 target price on the stock. Wall Street Zen upgraded shares of Diversified Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. KeyCorp cut their price objective 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. Finally, Mizuho started coverage on shares of Diversified Energy in a report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.