Diversified Energy Company PLC (NYSE:DEC) Receives Average Rating of “Moderate Buy” from Analysts

Diversified Energy Company PLC (NYSE:DEC) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.00.

Several research analysts have recently commented on DEC shares. Johnson Rice raised shares of Diversified Energy from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $19.00 to $23.00 in a report on Friday, December 5th. Weiss Ratings restated a “sell (d+)” rating on shares of Diversified Energy in a research note on Wednesday, October 8th. Wall Street Zen downgraded Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. William Blair started coverage on Diversified Energy in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. Finally, Mizuho boosted their price target on Diversified Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, December 12th.

Institutional Trading of Diversified Energy

Several large investors have recently made changes to their positions in DEC. Callan Family Office LLC raised its position in Diversified Energy by 5.8% during the second quarter. Callan Family Office LLC now owns 15,639 shares of the company’s stock valued at $229,000 after purchasing an additional 861 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Diversified Energy by 8.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 11,500 shares of the company’s stock worth $161,000 after buying an additional 863 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Diversified Energy by 10.9% during the 2nd quarter. ProShare Advisors LLC now owns 11,278 shares of the company’s stock worth $165,000 after buying an additional 1,105 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Diversified Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,918 shares of the company’s stock valued at $377,000 after buying an additional 1,170 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Diversified Energy by 5.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,575 shares of the company’s stock valued at $330,000 after acquiring an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 26.51% of the company’s stock.

Diversified Energy Stock Down 5.8%

NYSE:DEC opened at $13.33 on Friday. Diversified Energy has a 52 week low of $10.08 and a 52 week high of $17.24. The firm’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $14.50.

Diversified Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.29 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.16 annualized dividend and a dividend yield of 8.7%. Diversified Energy’s payout ratio is presently 78.91%.

About Diversified Energy

Diversified Energy Company PLC (NYSE: DEC) is an independent oil and natural gas producer focused on the acquisition and optimization of legacy onshore assets in the United States. The company’s portfolio spans thousands of producing wells and extensive leasehold positions across core regions such as Appalachia, the Permian Basin and the Mid-Continent. By targeting mature properties, Diversified Energy seeks to enhance long-term recovery through operational efficiencies and capital discipline.

The company’s business model centers on fee-based infrastructure and midstream services that provide stable and predictable cash flows.