Diversified Energy (NYSE:DEC) Price Target Raised to $21.00

Diversified Energy (NYSE:DEC) had its price target boosted by Truist Financial from $19.00 to $21.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, KeyCorp assumed coverage on Diversified Energy in a report on Wednesday, August 28th. They set an “overweight” rating and a $18.00 price objective for the company.

Diversified Energy Stock Up 0.5 %

Shares of Diversified Energy stock opened at $16.19 on Monday. The business has a 50-day simple moving average of $12.28 and a 200 day simple moving average of $13.40. Diversified Energy has a one year low of $10.54 and a one year high of $18.69.

Diversified Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.16%. The ex-dividend date is Friday, February 28th.

Institutional Investors Weigh In On Diversified Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in Diversified Energy by 166.9% in the 3rd quarter. Barclays PLC now owns 516,535 shares of the company’s stock valued at $5,876,000 after buying an additional 322,986 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Diversified Energy in the 3rd quarter worth $163,000. Jane Street Group LLC purchased a new stake in shares of Diversified Energy in the third quarter valued at about $384,000. State Street Corp lifted its position in shares of Diversified Energy by 42.4% during the third quarter. State Street Corp now owns 552,844 shares of the company’s stock valued at $6,291,000 after purchasing an additional 164,728 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Diversified Energy during the third quarter worth about $167,000. Institutional investors and hedge funds own 26.51% of the company’s stock.

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.