Jane Street Group LLC Takes $384,000 Position in Diversified Energy Company PLC (NYSE:DEC)

Jane Street Group LLC acquired a new stake in Diversified Energy Company PLC (NYSE:DEC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,036 shares of the company’s stock, valued at approximately $384,000. Jane Street Group LLC owned 0.07% of Diversified Energy at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in Diversified Energy by 42.4% during 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. Quantinno Capital Management LP acquired a new position in Diversified Energy during the third quarter worth $167,000. PDT Partners LLC raised its stake in Diversified Energy by 231.4% during the third quarter. PDT Partners LLC now owns 45,386 shares of the company’s stock worth $516,000 after acquiring an additional 31,690 shares in the last quarter. MetLife Investment Management LLC raised its stake in Diversified Energy by 129.1% during the third quarter. MetLife Investment Management LLC now owns 27,670 shares of the company’s stock worth $315,000 after acquiring an additional 15,591 shares in the last quarter. Finally, FMR LLC acquired a new position in Diversified Energy during the third quarter worth $31,000. 26.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp raised their target price on Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday.

Diversified Energy Stock Performance

Shares of NYSE:DEC opened at $16.60 on Thursday. Diversified Energy Company PLC has a twelve month low of $10.54 and a twelve month high of $17.70. The business has a fifty day moving average of $15.36 and a 200-day moving average of $13.85.

Diversified Energy Dividend Announcement

The company also recently declared 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. This represents a $1.16 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend is Friday, February 28th.

Diversified Energy 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.