Russell Investments Group Ltd. Raises Holdings in Diversified Energy Company PLC (NYSE:DEC)

Russell Investments Group Ltd. boosted its stake in shares of Diversified Energy Company PLC (NYSE:DEC) by 801.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,504 shares of the company’s stock after buying an additional 44,900 shares during the period. Russell Investments Group Ltd. owned 0.10% of Diversified Energy worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in shares of Diversified Energy by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 27,287 shares of the company’s stock worth $458,000 after purchasing an additional 1,085 shares during the last quarter. FMR LLC purchased a new stake in shares of Diversified Energy during the third quarter valued at about $31,000. SG Americas Securities LLC boosted its holdings in shares of Diversified Energy by 21.1% in the 4th quarter. SG Americas Securities LLC now owns 18,687 shares of the company’s stock valued at $314,000 after buying an additional 3,255 shares in the last quarter. Amundi raised its stake in shares of Diversified Energy by 8.1% during the 4th quarter. Amundi now owns 48,411 shares of the company’s stock worth $806,000 after acquiring an additional 3,625 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Diversified Energy by 181.8% during the 4th quarter. Signaturefd LLC now owns 7,763 shares of the company’s stock worth $130,000 after acquiring an additional 5,008 shares in the last quarter. Institutional investors own 26.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DEC shares. KeyCorp reduced their price target on Diversified Energy from $21.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday. Truist Financial upped their target price on Diversified Energy from $21.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Mizuho assumed coverage on Diversified Energy in a report on Thursday, April 10th. They issued an “outperform” rating and a $23.00 price target for the company.

Diversified Energy Trading Down 2.4 %

NYSE:DEC opened at $11.47 on Tuesday. The firm has a fifty day simple moving average of $12.84 and a 200-day simple moving average of $14.22. Diversified Energy Company PLC has a 12 month low of $10.08 and a 12 month high of $17.70.

Diversified Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.11%.

About Diversified Energy

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.