Aberdeen Group plc Takes Position in Diversified Energy Company PLC $DEC

Aberdeen Group plc bought a new stake in Diversified Energy Company PLC (NYSE:DEC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 959,988 shares of the company’s stock, valued at approximately $13,901,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Diversified Energy by 9.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,337 shares of the company’s stock valued at $360,000 after purchasing an additional 2,024 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Diversified Energy in the 4th quarter valued at about $111,000. Tudor Investment Corp ET AL lifted its holdings in shares of Diversified Energy by 30.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 257,955 shares of the company’s stock valued at $3,614,000 after purchasing an additional 60,283 shares during the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of Diversified Energy by 107.2% in the 3rd quarter. Penn Capital Management Company LLC now owns 91,912 shares of the company’s stock valued at $1,288,000 after purchasing an additional 47,552 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in Diversified Energy during the 3rd quarter worth $490,000. 26.51% of the stock is owned by hedge funds and other institutional investors.

Diversified Energy Price Performance

Shares of DEC opened at $16.85 on Wednesday. Diversified Energy Company PLC has a twelve month low of $10.08 and a twelve month high of $18.90. The stock’s 50 day moving average is $14.65 and its two-hundred day moving average is $14.15. The firm has a market capitalization of $1.22 billion, a PE ratio of 11.46 and a beta of -0.23. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.73.

Diversified Energy (NYSE:DEC) last announced its quarterly earnings data on Friday, February 6th. The company reported $2.28 earnings per share for the quarter. Research analysts anticipate that Diversified Energy Company PLC will post 0.18 earnings per share for the current year.

Diversified Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, May 29th. Diversified Energy’s dividend payout ratio (DPR) is currently 78.91%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Diversified Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho raised their price objective on shares of Diversified Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Truist Financial assumed coverage on shares of Diversified Energy in a research report on Tuesday, March 24th. They set a “buy” rating and a $22.00 price objective on the stock. Weiss Ratings raised shares of Diversified Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, Citigroup raised their price objective on shares of Diversified Energy from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.80.

Insider Activity

In other news, Director Randall S. Wade sold 2,100,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.28, for a total value of $27,888,000.00. Following the completion of the transaction, the director owned 7,501,585 shares in the company, valued at $99,621,048.80. This trade represents a 21.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Diversified Energy Profile

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.