MetLife Investment Management LLC Has $315,000 Stake in Diversified Energy Company PLC (NYSE:DEC)

MetLife Investment Management LLC raised its position in Diversified Energy Company PLC (NYSE:DEC) by 129.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,670 shares of the company’s stock after acquiring an additional 15,591 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Diversified Energy worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DEC. FMR LLC acquired a new stake in Diversified Energy in the 3rd quarter valued at about $31,000. The Manufacturers Life Insurance Company lifted its position in shares of Diversified Energy by 3,058.5% in the third 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 during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 worth $1,291,000 after acquiring an additional 1,910 shares during the last quarter. Empowered Funds LLC bought a new stake in Diversified Energy in the 3rd quarter valued at $1,486,000. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Diversified Energy during the 3rd quarter valued at $235,000. Institutional investors own 26.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DEC. KeyCorp started coverage on shares of Diversified Energy in a research report on Wednesday, August 28th. They issued an “overweight” rating and a $18.00 price objective on the stock. Truist Financial raised their price objective on shares of Diversified Energy from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 18th.

Diversified Energy Price Performance

DEC opened at $15.35 on Monday. The stock has a fifty day moving average of $13.32 and a 200-day moving average of $13.55. Diversified Energy Company PLC has a fifty-two week low of $10.54 and a fifty-two week high of $18.05.

Diversified Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Friday, February 28th.

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.