Truist Financial Issues Positive Forecast for Diversified Energy (NYSE:DEC) Stock Price

Diversified Energy (NYSE:DEC) had its price target upped by Truist Financial from $21.00 to $27.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Diversified Energy Stock Performance

Shares of DEC stock opened at $16.57 on Monday. The company’s 50-day simple moving average is $15.17 and its two-hundred day simple moving average is $13.81. Diversified Energy has a one year low of $10.54 and a one year high of $17.70.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.29 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 7.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its position in shares of Diversified Energy by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock worth $1,291,000 after purchasing an additional 1,910 shares during the period. Signaturefd LLC bought a new position in Diversified Energy in the third quarter worth approximately $31,000. FMR LLC purchased a new stake in Diversified Energy during the third quarter worth $31,000. Brighton Jones LLC boosted its position in Diversified Energy by 28.2% during the 2nd quarter. Brighton Jones LLC now owns 25,034 shares of the company’s stock valued at $338,000 after acquiring an additional 5,501 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. increased its holdings in shares of Diversified Energy by 8.4% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 117,366 shares of the company’s stock valued at $1,336,000 after acquiring an additional 9,087 shares during the period. 26.51% of the stock is currently owned by 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.