Creative Planning Makes New Investment in Diversified Energy Company PLC (NYSE:DEC)

Creative Planning purchased a new position in shares of Diversified Energy Company PLC (NYSE:DEC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,728 shares of the company’s stock, valued at approximately $350,000. Creative Planning owned approximately 0.06% of Diversified Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Plc bought a new position in shares of Diversified Energy in the first quarter valued at about $20,639,000. Jupiter Asset Management Ltd. raised its holdings in shares of Diversified Energy by 838.5% in the first quarter. Jupiter Asset Management Ltd. now owns 1,484,083 shares of the company’s stock valued at $17,773,000 after buying an additional 1,325,948 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Diversified Energy in the second quarter valued at about $1,983,000. Rhumbline Advisers bought a new position in shares of Diversified Energy in the second quarter valued at about $927,000. Finally, Mackenzie Financial Corp bought a new position in shares of Diversified Energy in the second quarter valued at about $820,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 target price on the stock. Truist Financial cut their target price on shares of Diversified Energy from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, September 30th.

Diversified Energy Stock Down 3.7 %

DEC stock opened at $12.66 on Friday. The business has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $13.36. Diversified Energy Company PLC has a 52 week low of $10.54 and a 52 week high of $18.69.

Diversified Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 9.16%. The ex-dividend date is Friday, November 29th.

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.