SG Americas Securities LLC Invests $176,000 in Diversified Energy Company PLC (NYSE:DEC)

SG Americas Securities LLC purchased a new stake in Diversified Energy Company PLC (NYSE:DEC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,432 shares of the company’s stock, valued at approximately $176,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G Plc purchased a new position in Diversified Energy during the first quarter worth about $20,639,000. Jupiter Asset Management Ltd. raised its stake in shares of Diversified Energy by 838.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 1,484,083 shares of the company’s stock worth $17,773,000 after buying an additional 1,325,948 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Diversified Energy in the 2nd quarter valued at approximately $1,983,000. Rhumbline Advisers purchased a new stake in shares of Diversified Energy in the second quarter valued at approximately $927,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Diversified Energy during the 2nd quarter worth $820,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEC has been the subject of several research analyst reports. Truist Financial dropped their price objective on Diversified Energy from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, September 30th. KeyCorp started coverage on shares of Diversified Energy in a report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 target price for the company.

Diversified Energy Stock Down 1.1 %

DEC stock opened at $11.62 on Thursday. The stock’s 50 day moving average price is $11.83 and its 200 day moving average price is $13.49. Diversified Energy Company PLC has a 1 year low of $10.54 and a 1 year high of $18.69.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.16 dividend on an annualized basis and a yield of 9.98%.

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.