Diversified Energy (NYSE:DEC) Stock Price Expected to Rise, KeyCorp Analyst Says

Diversified Energy (NYSE:DEC) had its price target increased by KeyCorp from $18.00 to $19.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Truist Financial lifted their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday.

Diversified Energy Trading Up 0.8 %

Shares of Diversified Energy stock opened at $16.81 on Tuesday. The stock has a 50 day moving average price of $15.27 and a 200-day moving average price of $13.83. Diversified Energy has a one year low of $10.54 and a one year high of $17.70.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 6.90%.

Institutional Investors Weigh In On Diversified Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. M&G PLC grew its position in Diversified Energy by 5.1% in the 3rd quarter. M&G PLC now owns 1,803,398 shares of the company’s stock valued at $20,523,000 after acquiring an additional 87,775 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Diversified Energy by 77.5% in the second quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company’s stock worth $34,973,000 after purchasing an additional 1,150,794 shares during the last quarter. Barclays PLC increased its stake in Diversified Energy by 166.9% in the 3rd quarter. Barclays PLC now owns 516,535 shares of the company’s stock worth $5,876,000 after buying an additional 322,986 shares during the period. Empowered Funds LLC bought a new stake in Diversified Energy during the 3rd quarter valued at about $1,486,000. Finally, PDT Partners LLC grew its stake in Diversified Energy by 231.4% in the 3rd quarter. PDT Partners LLC now owns 45,386 shares of the company’s stock worth $516,000 after acquiring an additional 31,690 shares in the last quarter. 26.51% of the stock is currently owned by hedge funds and other institutional investors.

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.