Brighton Jones LLC Has $338,000 Holdings in Diversified Energy Company PLC (NYSE:DEC)

Brighton Jones LLC boosted its position in Diversified Energy Company PLC (NYSE:DEC) by 28.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,034 shares of the company’s stock after buying an additional 5,501 shares during the quarter. Brighton Jones LLC owned approximately 0.05% of Diversified Energy worth $338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DEC. M&G Plc acquired a new position in Diversified Energy in the 1st quarter valued at $20,639,000. Jupiter Asset Management Ltd. grew its position in Diversified Energy by 838.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,484,083 shares of the company’s stock worth $17,773,000 after purchasing an additional 1,325,948 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Diversified Energy in the 4th quarter worth $16,390,000. UBS Group AG acquired a new stake in Diversified Energy in the 4th quarter worth $15,871,000. Finally, Rathbones Group PLC acquired a new stake in Diversified Energy in the 4th quarter worth $11,603,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Diversified Energy Price Performance

Shares of NYSE DEC opened at $11.31 on Monday. Diversified Energy Company PLC has a 1-year low of $10.54 and a 1-year high of $20.80. The company has a quick ratio of 0.48, a current ratio of 0.44 and a debt-to-equity ratio of 2.69. The company has a 50-day moving average of $13.52 and a two-hundred day moving average of $13.53.

Diversified Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 10.26%. The ex-dividend date of this dividend is Friday, November 29th.

Wall Street Analyst Weigh In

DEC has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of Diversified Energy in a report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 price objective for the company. Truist Financial raised their price objective on shares of Diversified Energy from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, July 22nd.

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.