Universal Beteiligungs und Servicegesellschaft mbH Invests $283,000 in Diversified Energy Company PLC (NYSE:DEC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new position in Diversified Energy Company PLC, buying 21,009 shares for approximately $283,000.
• The company announced a quarterly dividend of $0.29 per share to be paid on September 30th, reflecting an annualized dividend yield of 8.0%.
• Analysts have set a consensus target price of $20.75 for the stock, with a mix of ratings including one "hold" and four "buy" ratings.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Diversified Energy Company PLC (NYSE:DEC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,009 shares of the company's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DEC. Vanguard Group Inc. boosted its holdings in Diversified Energy by 20.4% during the fourth quarter. Vanguard Group Inc. now owns 2,768,108 shares of the company's stock worth $46,319,000 after buying an additional 468,312 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Diversified Energy by 31.8% in the 4th quarter. JPMorgan Chase & Co. now owns 130,668 shares of the company's stock valued at $2,195,000 after acquiring an additional 31,509 shares during the period. Wells Fargo & Company MN raised its position in shares of Diversified Energy by 4.1% in 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. Russell Investments Group Ltd. boosted its stake in Diversified Energy by 801.2% during the 4th quarter. Russell Investments Group Ltd. now owns 50,504 shares of the company's stock worth $848,000 after acquiring an additional 44,900 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Diversified Energy by 51.9% during the fourth 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 during the period. 26.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DEC shares. Citigroup initiated 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 research report on Thursday, May 22nd. Mizuho started 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, KeyCorp decreased their target price on Diversified Energy from $21.00 to $17.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $20.75.

Diversified Energy Stock Up 1.7%

DEC traded up $0.25 during trading on Friday, hitting $14.67. The company had a trading volume of 133,884 shares, compared to its average volume of 445,061. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.26. Diversified Energy Company PLC has a one year low of $10.08 and a one year high of $17.70. The firm's 50-day moving average price is $14.62 and its 200 day moving average price is $13.97.

Diversified Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Friday, August 29th.

Diversified Energy Company 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.