Russell Investments Group Ltd. Has $848,000 Position in Diversified Energy Company PLC (NYSE:DEC)

Russell Investments Group Ltd. lifted its position in Diversified Energy Company PLC (NYSE:DEC - Free Report) by 801.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,504 shares of the company's stock after purchasing an additional 44,900 shares during the period. Russell Investments Group Ltd. owned 0.10% of Diversified Energy worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC purchased a new position in shares of Diversified Energy in the 3rd quarter valued at approximately $31,000. Signaturefd LLC increased its position in shares of Diversified Energy by 181.8% during the fourth quarter. Signaturefd LLC now owns 7,763 shares of the company's stock worth $130,000 after purchasing an additional 5,008 shares in the last quarter. Callan Family Office LLC acquired a new position in Diversified Energy during the fourth quarter worth $248,000. Intech Investment Management LLC acquired a new stake in Diversified Energy during the fourth quarter worth $293,000. Finally, SG Americas Securities LLC lifted its stake in Diversified Energy by 21.1% during 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. Institutional investors own 26.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DEC shares. Truist Financial upped their price objective on Diversified Energy from $21.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Mizuho began coverage on Diversified Energy in a research note on Thursday, April 10th. They issued an "outperform" rating and a $23.00 price objective for the company. Finally, KeyCorp reduced their target price 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.

Diversified Energy Price Performance

Shares of DEC traded up $0.23 during mid-day trading on Friday, hitting $12.57. The stock had a trading volume of 214,447 shares, compared to its average volume of 357,610. The company's fifty day simple moving average is $12.48 and its two-hundred day simple moving average is $14.19. Diversified Energy Company PLC has a fifty-two week low of $10.08 and a fifty-two week high of $17.70.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date of this dividend is Friday, May 30th.

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.