Diversified Energy (NYSE:DEC – Free Report) had its price objective lowered by Truist Financial from $20.00 to $19.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.
Separately, KeyCorp began coverage on shares of Diversified Energy in a report on Wednesday, August 28th. They issued an overweight rating and a $18.00 target price on the stock.
Check Out Our Latest Stock Analysis on DEC
Diversified Energy Trading Up 0.8 %
Diversified Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 9.88%.
Institutional Investors Weigh In On Diversified Energy
Institutional investors have recently made changes to their positions in the stock. Royal London Asset Management Ltd. purchased a new stake in shares of Diversified Energy during the 4th quarter worth $25,000. Fund 1 Investments LLC acquired a new position in shares of Diversified Energy during the 4th quarter worth $56,000. Susquehanna International Securities Ltd. acquired a new position in shares of Diversified Energy during the 1st quarter worth $131,000. Virtu Financial LLC acquired a new position in shares of Diversified Energy during the 1st quarter worth $136,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Diversified Energy in the 2nd quarter valued at about $189,000. 26.51% of the stock is currently owned by hedge funds and other institutional investors.
About Diversified Energy
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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