Proficio Capital Partners LLC Invests $352,000 in Diversified Energy Company PLC (NYSE:DEC)

Proficio Capital Partners LLC purchased a new stake in Diversified Energy Company PLC (NYSE:DEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,933 shares of the company’s stock, valued at approximately $352,000.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Diversified Energy by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,408 shares of the company’s stock valued at $1,291,000 after buying an additional 1,910 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Diversified Energy by 3,058.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 717,585 shares of the company’s stock worth $8,101,000 after acquiring an additional 694,866 shares in the last quarter. FMR LLC bought a new stake in shares of Diversified Energy in the 3rd quarter worth about $31,000. MetLife Investment Management LLC raised its stake in shares of Diversified Energy by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 27,670 shares of the company’s stock valued at $315,000 after purchasing an additional 15,591 shares in the last quarter. Finally, PDT Partners LLC lifted its holdings in Diversified Energy by 231.4% during the 3rd quarter. PDT Partners LLC now owns 45,386 shares of the company’s stock worth $516,000 after buying an additional 31,690 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diversified Energy Stock Down 1.5 %

DEC opened at $13.15 on Wednesday. Diversified Energy Company PLC has a twelve month low of $10.72 and a twelve month high of $17.70. The business’s 50 day moving average is $14.68 and its 200-day moving average is $14.14.

Diversified Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Friday, May 30th.

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.