SG Americas Securities LLC Grows Holdings in Diversified Energy Company PLC (NYSE:DEC)

SG Americas Securities LLC raised its position in shares of Diversified Energy Company PLC (NYSE:DEC) by 21.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,687 shares of the company’s stock after purchasing an additional 3,255 shares during the quarter. SG Americas Securities LLC’s holdings in Diversified Energy were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $8,101,000 after buying an additional 694,866 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Diversified Energy during the fourth quarter valued at about $5,979,000. Barclays PLC lifted its position in shares of Diversified Energy by 166.9% in the third quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after acquiring an additional 322,986 shares in the last quarter. State Street Corp boosted its stake in shares of Diversified Energy by 42.4% in 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 during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Diversified Energy during the third quarter worth about $1,486,000. 26.51% of the stock is currently owned by institutional investors.

Diversified Energy Stock Up 1.0 %

Shares of DEC stock opened at $16.77 on Wednesday. Diversified Energy Company PLC has a 12-month low of $10.54 and a 12-month high of $17.70. The stock’s 50-day moving average price is $16.24 and its 200-day moving average price is $14.07.

Diversified Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, February 28th. This represents a $1.16 annualized dividend and a dividend yield of 6.92%.

Analysts Set New Price Targets

A number of research analysts recently commented on DEC shares. KeyCorp boosted their price target on Diversified Energy from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Truist Financial boosted 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.

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.