Thomist Capital Management LP bought a new stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,700 shares of the company's stock, valued at approximately $547,000. Thomist Capital Management LP owned about 0.07% of Diversified Energy at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of Diversified Energy by 1.7% in the fourth quarter. Invesco Ltd. now owns 39,195 shares of the company's stock valued at $658,000 after buying an additional 638 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Diversified Energy by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,748 shares of the company's stock valued at $449,000 after acquiring an additional 934 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Diversified Energy by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 27,287 shares of the company's stock valued at $458,000 after acquiring an additional 1,085 shares during the period. 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. Finally, SG Americas Securities LLC grew its holdings in shares of Diversified Energy by 21.1% during the 4th 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. Institutional investors own 26.51% of the company's stock.
Analyst Upgrades and Downgrades
DEC has been the subject of a number of analyst reports. Wall Street Zen raised Diversified Energy from a "sell" rating to a "hold" rating in a research note on Thursday. Citigroup began coverage on shares of Diversified Energy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $16.00 target price for the company. Mizuho assumed coverage on shares of Diversified Energy in a report on Thursday, April 10th. They set an "outperform" rating and a $23.00 price target for the company. Finally, KeyCorp decreased their price objective on shares of Diversified Energy from $21.00 to $17.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Diversified Energy has a consensus rating of "Moderate Buy" and a consensus price target of $20.75.
Get Our Latest Research Report on Diversified Energy
Diversified Energy Stock Performance
Diversified Energy stock traded up $0.07 during midday trading on Friday, reaching $13.99. The company's stock had a trading volume of 63,510 shares, compared to its average volume of 370,328. Diversified Energy Company PLC has a 52 week low of $10.08 and a 52 week high of $17.70. The business has a 50-day moving average price of $12.69 and a 200-day moving average price of $14.39.
Diversified Energy Dividend Announcement
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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Friday, August 29th.
About Diversified Energy
(
Free Report)
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.
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