State Street Corp Purchases 164,728 Shares of Diversified Energy Company PLC (NYSE:DEC)

State Street Corp lifted its stake in shares of Diversified Energy Company PLC (NYSE:DEC) by 42.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 552,844 shares of the company’s stock after buying an additional 164,728 shares during the quarter. State Street Corp owned about 1.15% of Diversified Energy worth $6,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in DEC. Bank of New York Mellon Corp bought a new position in shares of Diversified Energy in the second quarter valued at approximately $1,983,000. Mraz Amerine & Associates Inc. boosted its holdings in Diversified Energy by 1.9% during the second quarter. Mraz Amerine & Associates Inc. now owns 108,279 shares of the company’s stock worth $1,461,000 after purchasing an additional 2,044 shares during the last quarter. Rhumbline Advisers bought a new stake in Diversified Energy in the 2nd quarter worth about $927,000. Jupiter Asset Management Ltd. lifted its position in shares of Diversified Energy by 77.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,634,877 shares of the company’s stock worth $34,973,000 after buying an additional 1,150,794 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Diversified Energy in the 2nd quarter worth approximately $189,000. 26.51% of the stock is currently owned by institutional investors and hedge funds.

Diversified Energy Trading Down 1.4 %

Shares of Diversified Energy stock opened at $15.93 on Friday. Diversified Energy Company PLC has a 12 month low of $10.54 and a 12 month high of $17.05. The business’s 50-day moving average price is $14.54 and its 200-day moving average price is $13.70.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 7.28%. The ex-dividend date of this dividend is Friday, February 28th.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their target price on shares of Diversified Energy from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 18th.

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.