JPMorgan Chase & Co. Acquires 23,126 Shares of Diversified Energy Company PLC (NYSE:DEC)

JPMorgan Chase & Co. raised its stake in Diversified Energy Company PLC (NYSE:DEC) by 30.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,159 shares of the company’s stock after purchasing an additional 23,126 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Diversified Energy worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Signaturefd LLC bought a new stake in Diversified Energy during the third quarter worth $31,000. FMR LLC purchased a new position in Diversified Energy during the 3rd quarter worth $31,000. Ballentine Partners LLC bought a new stake in shares of Diversified Energy in the 3rd quarter worth $143,000. XTX Topco Ltd purchased a new stake in shares of Diversified Energy in the third quarter valued at about $163,000. Finally, Quantinno Capital Management LP bought a new position in shares of Diversified Energy during the third quarter valued at about $167,000. Institutional investors own 26.51% of the company’s stock.

Diversified Energy Price Performance

Shares of NYSE:DEC opened at $15.77 on Friday. The company’s 50-day moving average is $16.16 and its 200 day moving average is $14.07. Diversified Energy Company PLC has a fifty-two week low of $10.54 and a fifty-two week high of $17.70.

Diversified Energy Announces Dividend

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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Friday, February 28th.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DEC shares. Truist Financial upped their price objective on shares of Diversified Energy from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. KeyCorp upped their target price on Diversified Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th.

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.