Quantinno Capital Management LP Acquires 29,084 Shares of Diversified Energy Company PLC (NYSE:DEC)

Quantinno Capital Management LP grew its stake in shares of Diversified Energy Company PLC (NYSE:DEC - Free Report) by 197.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,815 shares of the company's stock after buying an additional 29,084 shares during the period. Quantinno Capital Management LP owned approximately 0.09% of Diversified Energy worth $736,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DEC. Barclays PLC raised its position in shares of Diversified Energy by 166.9% during the third quarter. Barclays PLC now owns 516,535 shares of the company's stock valued at $5,876,000 after buying an additional 322,986 shares during the last quarter. JPMorgan Chase & Co. raised its position in Diversified Energy by 30.4% in the third quarter. JPMorgan Chase & Co. now owns 99,159 shares of the company's stock worth $1,128,000 after purchasing an additional 23,126 shares in the last quarter. SG Americas Securities LLC raised its position in Diversified Energy by 21.1% in the fourth quarter. SG Americas Securities LLC now owns 18,687 shares of the company's stock worth $314,000 after purchasing an additional 3,255 shares in the last quarter. Empowered Funds LLC raised its position in Diversified Energy by 5.1% in the fourth quarter. Empowered Funds LLC now owns 137,220 shares of the company's stock worth $2,305,000 after purchasing an additional 6,631 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Diversified Energy in the fourth quarter worth about $352,000. Institutional investors and hedge funds own 26.51% of the company's stock.

Diversified Energy Stock Performance

Shares of NYSE DEC traded down $0.17 during mid-day trading on Thursday, hitting $14.18. 119,485 shares of the stock were exchanged, compared to its average volume of 372,377. The stock's fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $14.43. Diversified Energy Company PLC has a twelve month low of $10.08 and a twelve month 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 paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a dividend yield of 8.18%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DEC shares. Citigroup started coverage on shares of Diversified Energy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 price target for the company. Mizuho started coverage on shares of Diversified Energy in a research report on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price target for the company. Wall Street Zen raised shares of Diversified Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, KeyCorp dropped their price target 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Diversified Energy currently has an average rating of "Moderate Buy" and an average 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.