355,910 Shares in Diversified Energy Company PLC (NYSE:DEC) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new stake in shares of Diversified Energy Company PLC (NYSE:DEC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 355,910 shares of the company’s stock, valued at approximately $5,979,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. M&G PLC raised its stake in Diversified Energy by 5.1% in the third quarter. M&G PLC now owns 1,803,398 shares of the company’s stock valued at $20,523,000 after purchasing an additional 87,775 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 last quarter. Empowered Funds LLC purchased a new stake in shares of Diversified Energy during the 3rd quarter valued at $1,486,000. PDT Partners LLC lifted its holdings in shares of Diversified Energy by 231.4% during 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 during the last quarter. Finally, State Street Corp grew its position in Diversified Energy by 42.4% in the third quarter. State Street Corp now owns 552,844 shares of the company’s stock worth $6,291,000 after acquiring an additional 164,728 shares in the last quarter. Hedge funds and other institutional investors own 26.51% of the company’s stock.

Diversified Energy Trading Down 2.4 %

Shares of NYSE:DEC opened at $16.28 on Monday. The company’s fifty day moving average is $15.92 and its 200 day moving average is $14.00. Diversified Energy Company PLC has a 52 week low of $10.54 and a 52 week high of $17.70.

Diversified Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.13%. The ex-dividend date is Friday, February 28th.

Analyst Ratings Changes

DEC has been the subject of several research analyst reports. Truist Financial lifted their price target on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. KeyCorp boosted their target price on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th.

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.